Bitcoin investors are up $1.2T in unrealized profit, but it’s a double-edged sword

Bitcoin’s rally above $107,000 has delivered a spectacular windfall for investors, an estimated $1. 2 trillion in unrealized profit, according to Glassnode’s latest on-chain data. Yet this massive pool of paper gains cuts both ways, signaling both strong bullish sentiment and a latent risk of sudden sell pressure. Investors are HODLing on to their Bitcoins Despite […] source: https://www.cryptopolitan.com/bitcoin-investors-are-1-2t-in-profit/