Investors have accumulated hundreds of billions of dollars in unrealized profits on Bitcoin ( BTC ) as the crypto king hovers just below the all-time high, according to analytics platform Glassnode. The analytics platform says Bitcoin investors are sitting on $1.2 trillion in unrealized profits as “HODLing remains the dominant behavior.” “Despite this surge in profitability, investor behavior signals a strong preference for HODLing, as the current price range appears insufficient to trigger significant profit-taking. This is reflected in declining realized profits, a continued downtrend in Liveliness, and Long-Term Holder supply climbing to a new all-time high.” Liveliness is an on-chain indicator that is used to determine the holding behavior, with a decrease suggesting Bitcoin is being held for longer periods and vice versa. The Long-Term Holder supply metric is used to categorize the total circulating supply based on how long the coins have been held – an increase in the supply suggests coins are being held for lengthy periods. According to the analytics platform, the $1.2 trillion in unrealized profits that Bitcoin investors are sitting on could provide an “incentive for potential sell-side pressure” if sentiment shifts or if the crypto king moves out of the present price range. “Despite this surge in profitability, investor behavior signals a strong preference for HODLing, as the current price range appears insufficient to trigger significant profit-taking.” Compared to other recent periods when Bitcoin broke above the previous all-time high prices, Glassnode says the profits Bitcoin investors are booking are at relatively lower levels. “Around $872 million worth of is currently being locked in profit per day, which is notably less that the $2.8 billion and $3.2 billion in realized profit seen during the $73,000 and $107,000 all-time high formations, respectively.” Bitcoin is trading at $109,422 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin Investors Hoarding $1,200,000,000,000 in Unrealized Profits, According to Glassnode – Here’s What It Means appeared first on The Daily Hodl .
