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Bitcoin Investors Hoarding $1,200,000,000,000 in Unrealized Profits, According to Glassnode – Here’s What It Means

Bitcoin Investors Hoarding $1,200,000,000,000 in Unrealized Profits, According to Glassnode – Here’s What It Means

2025/07/03 16:00
By:

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.

Generated Image: Midjourney

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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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