Bitcoin Near $107K as Holder Profits Rise and Institutional ETF Inflows Suggest Market Stability

Key Points

1. Bitcoin briefly dipped to $99,000 due to geopolitical tensions but quickly rebounded, showing resilience with a support level at $98,300.

2. Glassnode data shows Bitcoin's unrealized profit at approximately $1.2 trillion, with an MVRV ratio indicating an average paper gain of 125%.

3. Daily realized profits have decreased to around $872 million, contrasting with previous peaks, as Long-Term Holder supply reaches an all-time high of 14.7 million BTC.

4. The Sell-Side Risk Ratio remains low, indicating diminished selling pressure from both Short- and Long-Term Holders.

5. Institutional demand is robust, with U.S. Spot Bitcoin ETFs averaging $298 million in net inflows over seven days, supporting market equilibrium.