Recent data reveals that Bitcoin investors are showing increasing patience on the sell side while anticipating price rises, creating a unique market dynamic.
Investor Behavior Patterns
According to Glassnode’s report, many Bitcoin investors have begun to display patience, waiting for price increases. After a recovery to $107,000, a majority of investors are now holding their assets with unrealized profits.
Level of Unrealized Profits
Total unrealized profits among investors have reached $1.2 trillion, nearing a record of $1.3 trillion set late last year. The average investor now holds a paper gain of 125%.
Long-term Holders and Market Influence
Glassnode reports that the current price range is not compelling enough to trigger significant selling pressure, indicating that the market may be expecting further price increases. Long-term holders continue to retain assets, reducing market supply.
Overall, the current tendency among Bitcoin investors leans towards HODLing, which may signal anticipations for further price increases in the future.