Bitcoin Short-Term Holder Whales See Record Unrealized Profits of $9.07 Billion

Odaily News - The unrealized profits of Bitcoin short-term holder whales reached $9.07 billion on September 4, setting a new all-time high since this metric began being recorded in 2016. The figure fell to $7.51 billion on September 5, still ranking among the top five highest readings during the observation period.

Unrealized profits reflect the difference between an asset's current market value and its on-chain cost basis, and do not indicate that holders have sold or realized those gains. Short-term holders typically refer to Bitcoin that has been recently transferred and held for no more than 155 days, with the metric further focusing on large-scale holders.

On September 7, Bitcoin traded in the $79,300 to $79,500 range at one point, reaching an intraday high of $80,537 before slipping below $79,000, putting pressure on the immediate support level near $79,013. If that level fails to hold, the next support zone lies between $76,300 and $77,000. (Bitcoin.com News)