news 
Bitcoin Investors Sit on $1.2 Trillion in Unrealized Gains – Is a BTC Selloff Coming?
The crypto market has been witnessing an unprecedented rally, with the largest cryptocurrency by market capitalization, Bitcoin (BTC), hitting fresh all-time highs. As investors continue to hold their assets, Glassnode’s latest report reveals that they are sitting on a staggering $1.2 trillion in unrealized gains.
This phenomenon raises concerns about potential selling pressure and its impact on the market if sentiment were to shift. The significant profits held by long-term holders have been a crucial driver of the recent price appreciation. The current situation has investors pondering whether this massive profit-taking could lead to a BTC selloff, resulting in a correction.
The report from Glassnode highlights that Bitcoin’s market cap has increased significantly since its inception, growing from $304 billion to approximately $2.13 trillion. The realized cap, which reflects the cost basis for buyers at the moment, is much lower at $955 billion, indicating massive unrealized gains held by investors.
This substantial profit may be a cause for concern as it increases the risk of a market correction due to potential selling pressure if sentiments change and investors seek to lock in their profits.
Source: www.crypto-news-flash.com
