Glassnode is showing over $1.2 TRILLION in unrealized $BTC profits.
That’s insane. Most holders are deep in the green, clear proof this cycle is in full swing.
But here’s the catch 👇
Unrealized profits = potential sell pressure.
If the mood shifts or macro rattles, that $1.2T can exit stage left fast.
For now, the data still leans bullish:
→ Whales are relaxed
→ No major distribution
→ NUPL not near peak euphoria
But in crypto, euphoria whispers before it yells.
One moment you’re vibing, next moment… exits everywhere.
Yes, things look great.
Just don’t forget: paper profits turn real when someone hits sell.
Stay sharp.