Bitcoin’s Unrealized Profits Near Record $1.2 Trillion as HODLing Dominates Market Behavior
Bitcoin investors are holding onto their assets despite soaring unrealized profits, which have now reached an estimated $1.2 trillion — close to all-time highs — according to a new report from blockchain analytics firm Glassnode.
The firm notes that a “super-majority” of investors are choosing to HODL rather than sell, indicating strong confidence in Bitcoin’s future price potential. Selling pressure from short-term holders is declining, while long-term holders now dominate the circulating supply.
“Following a recovery to $107,000, a super-majority of Bitcoin investors are now sitting on unrealized gains,” Glassnode reported on Tuesday. The analysis also highlights that Bitcoin has found solid support around $98,300 — the average acquisition price for short-term holders (those holding BTC for less than 155 days).
Despite trading 5.5% below its all-time high of $111,970, bullish sentiment is rising, with many investors seemingly waiting for a more decisive breakout before taking profits.