Bitcoin’s unrealized gains top $1.4 trillion as investors resist selling pressure
Bitcoin investors are showing renewed conviction, holding onto their assets despite record-setting unrealized gains.
According to a July 30 Glassnode report, the total paper profits held by Bitcoin holders now exceed $1.4 trillion, surpassing figures earlier recorded this month.
This milestone reflects a growing tendency among investors to delay selling, even as Bitcoin trades just below its recently set all-time high.
On July 14, the leading digital asset surged to a new all-time high above $123,000, surpassing its previous record of $112,509. Although prices have since eased slightly to around $118,106—down roughly 3.85%—investor behavior suggests expectations of further upside.
The reluctance to sell into strength is especially notable given the scale of unrealized gains.
Considering this, Glassnode analysts caution that while current conditions highlight strong confidence in Bitcoin’s future, they also present a scenario where rapid shifts in sentiment could trigger large sell-offs.
The firm wrote:
“This massive paper gain concentration sets the stage for potential future distribution pressure if prices continue higher.”
Meanwhile, that pressure may already be building at the institutional level.
Last week, Galaxy Digital completed the sale of 80,000 BTC—valued at over $9 billion—on behalf of a long-time holder from the early days of Bitcoin. The transaction, one of the largest in recent history, signals that whales are beginning to capitalize on the recent rally.
The post Bitcoin’s unrealized gains top $1.4 trillion as investors resist selling pressure appeared first on CryptoSlate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UBS Q3 implements a two-way strategy with gold options, heavily invests in technology stocks, and builds positions in SK Hynix (SKHY.US)
UBS Group (UBS.US) has submitted its Q3 holdings report (13F) as of September 30, 2026.
SpaceX (SPCX.US) reportedly attempts “de-Nvidiaization” at the rack level: developing Kessel cabinets to bypass L6 compute boards, purchasing only chips
SemiAnalysis: SpaceX has developed its own Kessel cabinet, bypassing Nvidia's L6 cards to provide more options for manufacturing its own hardware.
$3.7 billion “data center power equipment prepayments” abandoned! What did "the most active buyer of gas turbines", SoftBank, see?
In the second quarter of fiscal year 2026, SoftBank reported a net loss of $7.1 billion, primarily due to a $3.7 billion impairment charge from a $9.5 billion advance payment for power generation equipment for US data centers—of which about $2.9 billion was non-refundable and effectively lost. The CFO admitted that SoftBank placed orders before the project plan was finalized, and is now conducting a comprehensive review of its procurement strategy. "The most aggressive purchaser of gas turbines has now written off the deposit in this way."
Wall Street tech mogul Dan Ives: SpaceX (SPCX.US) shares have a 20%-25% "political discount"; merger with Tesla (TSLA.US) still possible
Dan Ives believes that SpaceX's stock currently has a "political discount" of 20% to 25%. At the same time, he still expects SpaceX to merge with Tesla, but this deal will face more obstacles.
Crypto prices
More
