Odaily Planet Daily reports that the unrealized profits of Bitcoin short-term holder whales reached $9.07 billion on September 4, setting a new all-time high since the metric was first recorded in 2016. The figure dropped to $7.51 billion on September 5 but remains among the top five highest levels in the observation period.
Unrealized profit reflects the difference between an asset's current market value and its on-chain cost basis; it does not indicate that holders have sold or realized any profit. Short-term holders typically refer to Bitcoin that has been recently transferred and held for no more than 155 days; related metrics further focus on large holders.
On September 7, Bitcoin traded between $79,300 and $79,500 at one point, reaching an intraday high of $80,537 before dropping below $79,000, putting pressure on the immediate support level near $79,013. If this level is breached, the next support zone lies between $76,300 and $77,000. (Bitcoin.com News)