Bitcoin Unrealized Profits Hit $1.2T, Nearing Record High

- Bitcoin unrealized profits reach $1.2 trillion, approaching the $1.3 trillion all-time high. - Strong price support forms near $98,300 as short-term selling pressure wanes. On July 2, 2025, Cointelegraph reported that data from Glassnode shows Bitcoin investors hold approximately $1.2 trillion in unrealized profits. This figure approaches the $1.3 trillion record set late last year and reflects sustained confidence in the cryptocurrency market. Despite holding significant profits, most investors are reluctant to sell, reinforcing Bitcoin’s reputation as a long-term asset (“HODLing”). Analysis highlights a critical price support level at $98,300, which corresponds to the average acquisition cost for short-term holders—investors who have owned Bitcoin for less than 155 days. Selling pressure from this group has steadily declined since Bitcoin's peak last May. Glassnode’s findings suggest that the incentive to sell remains limited under current market conditions, and significant price shifts would be necessary to stimulate broader market activity. Unrealized profit margins average an impressive 125%. Even so, Bitcoin holders continue to prioritize holding their positions over liquidating them. This sustained preference underscores the significance of the $98,300 price zone and mirrors broader market confidence, while low selling pressure serves as a stabilizing factor. According to the latest market data, Bitcoin (BTC) was trading at $107,157.13 as of 07:42 UTC on July 2. Its 24-hour trading volume increased by a minor 0.14%.