Bitcoin’s ‘Super-Majority’ Holds $1.2 Trillion in Unrealized Profits
According to a recent report by Glassnode, a blockchain analytics firm, Bitcoin‘s ‘super-majority’ of investors currently hold approximately $1.2 trillion in unrealized profits. This finding highlights a growing trend among Bitcoin holders to maintain their positions despite significant paper gains.
Market Trends and Investor Behavior
Glassnode’s data shows the average Bitcoin investor now holds a 125% unrealized gain, with prices stabilizing around $107,000. The current price level appears insufficient to trigger large-scale profit-taking, reflecting strong HODLing sentiment among investors.
Declining Sell Pressure Among Holders
The report indicates decreasing realized profits and record highs in long-term holder supply. This suggests investors are retaining their Bitcoin in expectation of future price appreciation. Glassnode observed reduced selling activity following Bitcoin’s May price peak.
Current Bitcoin Price Performance
Bitcoin traded at $106,170 at publication time, remaining below its May 22 record of $111,970. The cryptocurrency ended June with its strongest monthly close above $107,000, generating positive market sentiment.
Expert Analysis on Price Resistance
Market analysts attribute Bitcoin’s difficulty surpassing $100,000 to selling pressure from long-term holders. Charles Edwards of Capriole Investments noted increased selling activity since January 2024’s spot Bitcoin ETF launches.
