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Bitcoin holders sit on highest 21-month profit, raising risk of selling amid cooling demand

Market News
30 Sep 2026
Coinpaper
View Source
Neutral
Bitcoin holders sit on highest 21-month profit, raising risk of selling amid cooling demand

Short-term Bitcoin holders currently have an unrealized profit margin of about 33%, the highest since December 2024, with a record 25,700 BTC profit realized on September 22. Despite Bitcoin reaching an eight-month high near $87,400, demand for spot Bitcoin has recently weakened, while futures growth has slowed, increasing the risk of profit-taking. However, strong inflows into U.S. spot Bitcoin ETFs, totaling $2.39 billion last week, provide some support by absorbing supply. The balance between rising profitability and cooling demand will be key to Bitcoin's price direction amid a challenging macroeconomic environment with higher Treasury yields.

Bitcoin is trading at Rp1.498.860.699 on Pluang with a slight 0.47% decline in the last day. Selling activity accounts for 30% of orders, while typical holding time is 110 days as of Sep 30, 2026 21:41 WIB.

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