Bitcoin Unrealized Profits Reach 1.2 Trillion
Market Overview
Bitcoin unrealized profits reached $1.2 trillion, near historical peak of $1.3T
Trading 5.5% below $111,970 ATH with strong $98,300 support from STHs
Long-term holders control 73% of supply, showing reduced selling pressure
HODLing Dominance signals investor confidence
Key Drivers
Stable inflation data and potential Fed rate cuts
boosting risk sentiment
ETF inflows reached $769.5M this week, $2.8B in
May alone
Whale activity: dormant wallet moved 80,009 BTC ($8.7B), suggesting possible rebalancing
ETF Momentum shows continued institutional interest
Trading Implications
Technical indicators: Bullish MACD crossover, balanced RSI (58)
Breakout targets: $115,000-$135,000 if sustained
above $106,000
Risk factors: $3.6B options expiry this week may
increase volatility
Sentiment Shifts - 82% bullish community, but profit-
taking remains a concern
