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Bitcoin Holds $1.2 Trillion in Unrealized Gains — But No Sell Signal Yet

Bitcoin Holds $1.2 Trillion in Unrealized Gains — But No Sell Signal Yet

CointribuneCointribune2025/07/02 10:10
By:Cointribune

With over $1.2 trillion in unrealized profits, bitcoin continues to intrigue the markets. Investors prefer to hold their positions despite a surge in gains of +125%. What lies behind this inertia?

Bitcoin Holds $1.2 Trillion in Unrealized Gains — But No Sell Signal Yet image 0 Bitcoin Holds $1.2 Trillion in Unrealized Gains — But No Sell Signal Yet image 1

In brief

  • Despite $1.2 trillion in unrealized profits, bitcoin holders refuse to sell.
  • Long-term holders curb the rise by liquidating since the arrival of BTC ETFs.

Bitcoin crosses the billions without triggering profit-taking

The threshold of $1.2 trillion in unrealized profits now fuels all speculation. According to Glassnode, the majority of BTC holders refuse to sell even after a significant price increase towards $106,000. This situation creates strong latent pressure, without triggering massive sales.

The on-chain analysis platform specifies that the market finds solid support around $98,300. This represents the average purchase cost of short-term holders. They also show a clear drop in selling activity since the peaks reached in May.

The technical environment confirms this blockage. Admittedly, June ended with a historic monthly close above $107,000. Having said that, the bitcoin price remains below its record of May 22 at $111,970. This paradox further fuels a tense climate where the price rises, but the available supply does not keep pace.

Long-term holders slow bitcoin’s surge

The behavior of long-term investors weighs on the current dynamics. According to some crypto analysts, these actors have begun liquidating their positions since the launch of Bitcoin ETFs . They are dumping their tokens on Wall Street, which explains why BTC struggles to sustainably surpass the $100,000 mark.

That’s not all! This movement is accompanied by massive HODLing by newer investors, who prefer to keep their tokens despite the rise.

On-chain data confirms this preference: sales remain low even in historically attractive price zones. The bullish market therefore seems suspended, awaiting a recovery in demand or exhaustion of historical sellers.

The psychological threshold of $100,000 thus becomes a front line where forces balance. Analysts expect a new catalyst to unlock the situation.

One thing is certain: as long as signals remain ambiguous, bitcoin continues to dance on a tightrope between accumulation and exhaustion. The next move could therefore redefine the entire crypto landscape!

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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