Bitcoin has proven to be remarkably resilient to selling pressure over the past week. According to Glassnode, even though there was an increase in seller activity over the weekend, including profit realization by long-term investors, the price remained stable.

Bitcoin remains stable despite record investor profits

Current behavior suggests that most investors are still willing to hold onto their coins, as more than 97% of the circulating supply remains above the purchase price. This condition increases the potential for future selling pressure, especially if the price continues to rise and motivates investors to take profits.

A new historical milestone has also been reached: unrealized profits across all market participants have surpassed $1.4 trillion. This figure represents the cumulative value of all unrealized profits in the network and confirms that a significant portion of the market is in profit on paper.

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Long-term holders still dominate

One of the most striking factors of this cycle is the strength of long-term holders. They currently own 53% of the total network wealth, despite selling off part of their holdings in previous months.

This metric is extremely important because it indicates that many old coins are still not on the market. In an environment where unrealized profits are significantly above average, there is room for further selling by long-term investors.

If the price of Bitcoin rises and reaches levels attractive for these investors to sell, it may trigger a new wave of supply. The market will then need to absorb this additional liquidity, requiring a fresh influx of demand to maintain price stability.

For now, however, most investors remain patient, holding onto profitable positions, and a massive sell-off is not expected unless the macroeconomic situation changes or regulatory interventions occur.