Bitcoin is experiencing a notable trend of investors holding on to their assets rather than selling, as recent data from Glassnode indicates a super-majority of holders are retaining approximately $1.2 trillion in unrealized profits. Despite Bitcoin's price hovering around $106,170—5.5% below its all-time high—many investors remain optimistic, expecting eventual price increases. Glassnode noted an increase in HODLing behavior, with a substantial drop in short-term sell pressure post the opportunistic selling observed around Bitcoin's previous high in May. Trends show that the average investor holds a profit of 125%, and the long-term holder supply has reached new highs. Analysts suggest that this reluctance to sell is potentially stalling Bitcoin's ability to maintain momentum above $100,000, as long-term holders have been noted to sell off their positions following the launch of spot Bitcoin ETFs. The current market dynamics indicate that for further supply to enter the market, a shift in Bitcoin prices is necessary.

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