Bitcoin Investors Hoarding $1,200,000,000,000 in Unrealized Profits, According to Glassnode – Here’s What It Means
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Bitcoin investors are currently holding $1.2 trillion in unrealized profits as the cryptocurrency approaches its all-time high, according to Glassnode. The analytics platform notes that the dominant behavior among investors is 'HODLing,' with indicators showing that Bitcoin is being held for longer periods. This significant unrealized profit could lead to potential sell-side pressure if market sentiment changes. Currently, Bitcoin is trading at $109,422, with profits being booked at lower levels compared to previous all-time highs.
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