Having surged about 22.5% over the past 30 days, Bitcoin (BTC) has sparked concerns in the crypto market that its rally may be nearing exhaustion, with a potential price correction on the horizon. However, the latest on-chain data reveals that despite elevated unrealized profits, there are still no signs of increased selling pressure for the leading cryptocurrency.

Bitcoin Unrealized Profits Remain High But No Panic Selling Yet

According to a recent CryptoQuant Quicktake post by Bitcoin analyst Crazzyblockk, the cohort of new investors – those who have held BTC for less than one month – is currently sitting on unrealized profits of 6.9%.

In the same vein, short-term investors – holders who have held Bitcoin for less than six months – are sitting on unrealized profits of 10.7%. These figures highlight that the unrealized profit/loss ratio remains elevated, with unrealized profits far outweighing unrealized losses.

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