Bitcoin’s 'super-majority' holds $1.2T in unrealized profits: Glassnode
2025-07-02 06:29:16
Main Idea
Bitcoin's 'super-majority' of investors holds $1.2 trillion in unrealized profits, with a strong preference for holding (HODLing) despite nearing all-time high profit levels, signaling reduced short-term sell pressure.
Key Points
1. Bitcoin's total unrealized profits—gains held by investors who haven't sold—reached $1.2 trillion, close to its all-time peak of $1.3 trillion.
2. Glassnode notes a 'strong preference for HODLing' among Bitcoin investors, indicating declining short-term sell pressure.
3. Bitcoin is trading at $106,170, 5.5% below its May 22 all-time high of $111,970, with market anticipation building after a strong June close.
4. Long-term holder selling pressure has been cited as a reason Bitcoin struggles to break past the $100,000 price region.
5. Analysts suggest the market quickly absorbs selling pressure, potentially paving the way for a bullish July.
Description
Glassnode said Bitcoin’s current price “is not compelling enough for investors to continue selling” as unrealized profits hit $1.2 trillion.
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