In the short term, coin holders often tend to sell when prices rise, and currently most of them are in profit. Their supply ratio is above the sell level, where selling increased in the past. This threshold was crossed early during recoveries, such as in 2019 and 2023, as well as near price peaks, such as in 2021 and 2025. However, this information does not indicate the next direction of prices.
The realized profit of all investors is still low, so the motivation to sell has not yet turned into strong selling. If prices fall back below the sell level, along with realized profit increasing, that would be the first sign that recent buyers are taking profits.
The realized profit of all investors is still low, so the motivation to sell has not yet turned into strong selling. If prices fall back below the sell level, along with realized profit increasing, that would be the first sign that recent buyers are taking profits.
