Bitcoin HODLers refuse to sell $11B in profits – Will their patience be rewarded?
The post Bitcoin HODLers refuse to sell $11B in profits – Will their patience be rewarded? appeared on BitcoinEthereumNews.com. Realized profits reached 104k BTC—far below the 350k BTC threshold that signals market tops. BTC may consolidate near $104k, but current trends favor a reclaim of $110k if sentiment holds. Just a couple of days ago, Bitcoin [BTC] rallied to reach a new all-time high of $112k. Usually, when the value rises, holders and investors tend to sell and take profits. For instance, when BTC reached $100k for the first time in 2024, profit taking surged, with the amount realized hitting $2.1 billion. This time, however, the behavior has shifted. Investors hold tight, even with billions in unrealized gains Despite the recent price rally, holders and investors are not profit-taking as much as in previous cycles. In fact, both whales and retailers are showing less appetite for profit realization. Source: CryptoQuant According to a CryptoQuant analyst, realized profits stood at 104,000 BTC (~$11B). Although this looks like a significant amount, the previous cycles have recorded a significantly higher amount. The current levels remain considerably far from the critical threshold of 350,000 BTC. In fact, BTC has another 246,000 BTC of realized profit headroom before flashing a historical red flag. Naturally, this gap suggests investors are holding onto their coins instead of selling into strength. SOPR decline confirms a shift in BTC sentiment Source: CryptoQuant Backing this thesis is the Spent Output Profit Ratio (SOPR). This metric has declined for five consecutive days despite prices reaching $112k. Even when the price reached another all-time high, the SOPR dropped, suggesting that holders, although in profit, are refusing to sell. The drop in profit-taking is observed among whales and retail traders in equal measures. As per CryptoQuant data, whales are still HODLing with their activity remaining within the neutral zone. During the previous rally, whale inflows to exchanges exceeded $1 billion. Today? Just…
The post Bitcoin HODLers refuse to sell $11B in profits – Will their patience be rewarded? appeared on BitcoinEthereumNews.com.
Realized profits reached 104k BTC—far below the 350k BTC threshold that signals market tops. BTC may consolidate near $104k, but current trends favor a reclaim of $110k if sentiment holds. Just a couple of days ago, Bitcoin [BTC] rallied to reach a new all-time high of $112k. Usually, when the value rises, holders and investors tend to sell and take profits. For instance, when BTC reached $100k for the first time in 2024, profit taking surged, with the amount realized hitting $2.1 billion. This time, however, the behavior has shifted. Investors hold tight, even with billions in unrealized gains Despite the recent price rally, holders and investors are not profit-taking as much as in previous cycles. In fact, both whales and retailers are showing less appetite for profit realization. Source: CryptoQuant According to a CryptoQuant analyst, realized profits stood at 104,000 BTC (~$11B). Although this looks like a significant amount, the previous cycles have recorded a significantly higher amount. The current levels remain considerably far from the critical threshold of 350,000 BTC. In fact, BTC has another 246,000 BTC of realized profit headroom before flashing a historical red flag. Naturally, this gap suggests investors are holding onto their coins instead of selling into strength. SOPR decline confirms a shift in BTC sentiment Source: CryptoQuant Backing this thesis is the Spent Output Profit Ratio (SOPR). This metric has declined for five consecutive days despite prices reaching $112k. Even when the price reached another all-time high, the SOPR dropped, suggesting that holders, although in profit, are refusing to sell. The drop in profit-taking is observed among whales and retail traders in equal measures. As per CryptoQuant data, whales are still HODLing with their activity remaining within the neutral zone. During the previous rally, whale inflows to exchanges exceeded $1 billion. Today? Just…
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