"Why Nobody Is Selling"
Bitcoin is near its all-time high again.
But the market is quiet.
No one is selling.
Why?
Because the profits—aren’t that great.
Even after hitting $109K, MVRV is only at 125%.
That’s lower than March and December last year.
People made gains, but not enough to sell.
They're waiting.
For more.
For true ATH.
Realized profits are also lagging.
Just $870M a day now.
Compare that to $2.8B–$3.2B in previous ATH runs.
The silence is loud:
“It’s not time yet.”
Long-term holders are at record levels:
14.7 million BTC.
That’s massive.
And they’re not budging.
The ETFs are still soaking up liquidity.
$400M in a single day.
Stablecoin inflows remain steady.
Some say
“This is just the beginning.”
Others whisper:
“The real sell wall is higher.”
