Now the unrealized profits of all Bitcoin holders have surprisingly surged to a new high of 1.4 trillion dollars, a number that sounds frightening!
To put it simply, people who currently hold Bitcoin have made quite a bit on paper, but this money hasn't been converted into real cash yet. However, there's a point to note: with so much profit concentrated in hands, if the price of Bitcoin continues to rise, the situation could become a bit delicate.
Just think about it, holding such a large unrealized gain, once there’s any market fluctuation, or someone feels it's time to cash out, it’s very likely that selling will begin. At that time, with so many sell orders, it could create significant selling pressure, which would definitely impact the price.
So, while these high profits look quite tempting now, they also seem to carry a small hidden risk. It all depends on how the price moves going forward and when the holders plan to convert these profits into real cash. This upcoming development really needs to be closely monitored~$BTC