🚨 Glassnode reports over $1.2 TRILLION in unrealized Bitcoin gains.
This is one of the strongest signs of growth in this cycle most holders are deep in profit.
But you know the catch 👇
Unrealized profit means potential sell pressure.
But imo if market sentiment shifts, fear kicks in, or macro turns, some of that $1.2T can turn into real selling fast too.
Right now, the data suggests confidence like:
→ Whales are holding
→ No mass distribution
→ NUPL not in euphoria
But as always with crypto we all know Euphoria turns to exit signs in a blink.
So yes, this is bullish but i just wanted to aware you.
Profit is just paper until someone decides to take it.
Bookmark my words!