Recent growth of Bitcoin above $107,000 resulted from a short-term recovery following a fall triggered by geopolitical tensions. Data indicates that most investors are not inclined to sell their assets.
Investor Profit Levels
According to a Glassnode report from July 1, Bitcoin investors are sitting on $1.2 trillion in unrealized profits. This figure arises from the difference between Bitcoin’s $2.1 trillion market cap and a realized cap of $955 billion.
Supply and Demand Dynamics
Long-term holders now control a record 14.7 million BTC, supporting the notion that most investors are simply uninterested in selling. Daily profit-taking among investors has cooled to under $900 million, significantly lower than the $2.8 billion and $3.2 billion levels seen during prior peaks.
Institutional Investments
Institutional interest remains robust. U.S.-listed Bitcoin ETFs continue to attract steady inflows, with a recent seven-day average of $298 million. This increases demand and supports BTC’s growing $2 trillion market cap.
In summary, despite a short-term decline, Bitcoin has demonstrated resilience, and data suggests that investors prefer to hold their assets, which may indicate future growth.
