#Crypto Market Rebound#  Bitcoin’s $1.2 Trillion Pool of Unrealized Profits Grows, Investors Resist Selling

Bitcoin investors are currently holding around $1.2 trillion worth of unrealized profits.
This significant figure highlights the paper gains being accumulated by long-term investors as Bitcoin continues to trade near record highs.
Bitcoin Investor Base Shifts from Traders to Long-Term Institutional Allocators
The average unrealized profit per investor is around 125%, down from the 180% seen when BTC prices reached $73,000 in March 2024.
However, despite these large unrealized gains, investor behavior suggests that there is no great rush to sell the top cryptocurrency. Previously, realized profits were relatively low, averaging just $872 million per day.
This contrasts sharply with previous price increases. At the time, realized gains ranged from $2.8 billion to $3.2 billion. These levels were reached when BTC price points were $73,000 and $107,000.
Furthermore, current market sentiment suggests that investors are waiting for a more decisive price move before adjusting their positions, either up or down. The trend suggests that there is strong conviction among long-term investors and that accumulation continues to outweigh selling pressure.
‘This suggests that HODLing continues to be the dominant market behavior among investors, with accumulation and maturation flows significantly outpacing distribution pressures.’
Meanwhile, Bitcoin’s current trend reflects a fundamental shift in the significantly evolving profile of Bitcoin holders. BTC ownership has shifted from short-term speculative traders to long-term institutional investors and allocators.
The analyst noted the growing influence of institutional players such as ETFs and public companies like Strategy (formerly MicroStrategy).
‘The owner base has shifted – from traders looking for an exit to allocators looking for exposure. MicroStrategy is sitting on tens of billions in unrealized gains and continues to add to them. ETFs = sustained demand, not swing traders,’ he said.
Notably, public companies like Strategy increased their Bitcoin holdings by 18% in Q2, while ETF exposure to Bitcoin increased by 8% in the same period.
With that in mind, she noted that most short-term sellers likely exited between $ 70,000 and $ 100,000, adding that the rest are investors who view Bitcoin less as a speculative trade and more as a strategic long-term allocation.