Bitcoin Unrealized Profits dey $1.2T as HODLing dey Eye $140K
Bitcoin unrealized profits don reach record $1.2 trillion, Glassnode talk. Di gap wey dey between the $2.1 trillion market cap and $955 billion realized cap show say people dey hold strong, with long-term holders get 14.7 million BTC now. On-chain analysis from CryptoQuant talk say LTHs cost base na $33,800 (MVRV ratio), average unrealized profit near 220%, wey still low pass di March–December peaks of 300–350%. To reach di highs, BTC must climb 30% to around $140,000. Daily profit-taking dey below $900 million, and recent drop to $99,000 bounce back for short-term holders cost base of $98,300. Metrics like Liveliness index and Sell-Side Risk Ratio show say spending and losses low, plus spot Bitcoin ETFs get average $298 million daily inflows for seven days. Traders dey watch if e go break di mid-May downtrend channel and di $140,000 level as key for renewed momentum. These Bitcoin unrealized profits and strong HODLing dey support market stability even though long-term holders dey put selling pressure during consolidation.
Bullish
Di realize Bitcoin profits and strong HODLing by long-term holders show say market fundamentals dey strong. On-chain data dey show minimal spending and limited realized losses, while steady spot ETF inflows dey add buying pressure. Possible breakout from mid-May downtrend channel plus $140,000 price target dey support upward outlook. Even though small selling pressure dey inside consolidation, overall data dey suggest say BTC get bullish bias for short and long term.