Why Bitcoin Holders Aren’t Selling Despite $1.2T in Unrealized Profits – Best Crypto to Buy Next
The post Why Bitcoin Holders Aren’t Selling Despite $1.2T in Unrealized Profits – Best Crypto to Buy Next appeared on BitcoinEthereumNews.com. Bitcoin is currently trading at $108K, up 27% since mid-April and now just 3.5% shy from setting a new all-time high. Despite being at what many consider a good selling point from a profit-booking perspective, holders are showing no signs of selling. In fact, Bitcoin investors are collectively sitting on a staggering $1.2T in unrealized profits. The average unrealized profit per investor stands at around 125%, which is slightly lower than in March 2024 when $BTC hit a peak of $73K. At that time, though, unrealized profits topped out at just $2.8B. Even more recently, when Bitcoin touched $107K, unrealized gains were still modest at $3.2B. Simply put, the market is overflowing with potential profits, but holders are choosing to wait. So what’s behind this HODL mindset? And how can you ride this wave? Read on as we dig into what has led to a shift in Bitcoin investor sentiment. We’ll also suggest the best crypto to buy to make the most of this Bitcoin frenzy. Change in Investor Mindset Bitcoin was once primarily viewed as a trading instrument, with short-term and swing traders happy to take small profits. However, over time, it has grown into a long-term investment vehicle propelled by massive institutional adoption and increasing government support. Institutions like Strategy now hold 597,325 $BTC, having increased their holdings by 18% in Q2 alone. The launch of US Bitcoin ETFs in January further fueled this shift, with over $148B already invested in these vehicles. Adding to the momentum, expert analysts, such as Standard Chartered’s Geoff Kendrick, have predicted that $BTC could hit fresh all-time highs in Q3 and Q4, fueled by strong ETF support, institutional treasury buying, and a potential departure from the historical post-halving downtrend pattern. As a result, even at a ‘high’ price of $108K, most Bitcoin…
The post Why Bitcoin Holders Aren’t Selling Despite $1.2T in Unrealized Profits – Best Crypto to Buy Next appeared on BitcoinEthereumNews.com.
Bitcoin is currently trading at $108K, up 27% since mid-April and now just 3.5% shy from setting a new all-time high. Despite being at what many consider a good selling point from a profit-booking perspective, holders are showing no signs of selling. In fact, Bitcoin investors are collectively sitting on a staggering $1.2T in unrealized profits. The average unrealized profit per investor stands at around 125%, which is slightly lower than in March 2024 when $BTC hit a peak of $73K. At that time, though, unrealized profits topped out at just $2.8B. Even more recently, when Bitcoin touched $107K, unrealized gains were still modest at $3.2B. Simply put, the market is overflowing with potential profits, but holders are choosing to wait. So what’s behind this HODL mindset? And how can you ride this wave? Read on as we dig into what has led to a shift in Bitcoin investor sentiment. We’ll also suggest the best crypto to buy to make the most of this Bitcoin frenzy. Change in Investor Mindset Bitcoin was once primarily viewed as a trading instrument, with short-term and swing traders happy to take small profits. However, over time, it has grown into a long-term investment vehicle propelled by massive institutional adoption and increasing government support. Institutions like Strategy now hold 597,325 $BTC, having increased their holdings by 18% in Q2 alone. The launch of US Bitcoin ETFs in January further fueled this shift, with over $148B already invested in these vehicles. Adding to the momentum, expert analysts, such as Standard Chartered’s Geoff Kendrick, have predicted that $BTC could hit fresh all-time highs in Q3 and Q4, fueled by strong ETF support, institutional treasury buying, and a potential departure from the historical post-halving downtrend pattern. As a result, even at a ‘high’ price of $108K, most Bitcoin…
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