Bitcoin is currently trading at $108K, up 27% since mid-April and now just 3.5% shy from setting a new all-time high.
Despite being at what many consider a good selling point from a profit-booking perspective, holders are showing no signs of selling.
In fact, Bitcoin investors are collectively sitting on a staggering $1.2T in unrealized profits.
The average unrealized profit per investor stands at around 125%, which is slightly lower than in March 2024 when $BTC hit a peak of $73K. At that time, though, unrealized profits topped out at just $2.8B.
Even more recently, when Bitcoin touched $107K, unrealized gains were still modest at $3.2B.
Simply put, the market is overflowing with potential profits, but holders are choosing to wait. So what’s behind this HODL mindset? And how can you ride this wave?
Read on as we dig into what has led to a shift in Bitcoin investor sentiment. We’ll also suggest the best crypto to buy to make the most of this Bitcoin frenzy.
Change in Investor Mindset
Bitcoin was once primarily viewed as a trading instrument, with short-term and swing traders happy to take small profits.
However, over time, it has grown into a long-term investment vehicle propelled by massive institutional adoption and increasing government support.
- Institutions like Strategy now hold 597,325 $BTC, having increased their holdings by 18% in Q2 alone.
- The launch of US Bitcoin ETFs in January further fueled this shift, with over $148B already invested in these vehicles.
- Adding to the momentum, expert analysts, such as Standard Chartered’s Geoff Kendrick, have predicted that $BTC could hit fresh all-time highs in Q3 and Q4, fueled by strong ETF support, institutional treasury buying, and a potential departure from the historical post-halving downtrend pattern.
As a result, even at a ‘high’ price of $108K, most Bitcoin holders are unwilling to cash out, suggesting that the market expects not just a new all-time high but a sustained rally ahead.
If you’re looking to capitalize on this momentum, here are some top cryptos you can invest in.
1. Bitcoin Hyper ($HYPER) – Best Crypto to Buy Now, Building Bitcoin L2 for Faster Transactions and Lower Fees
As Bitcoin solidifies its place as one of the most lucrative investments of the modern era, Bitcoin Hyper ($HYPER), a new cryptocurrency project poised to supercharge the Bitcoin ecosystem, could be the next big breakout winner in the altcoin space.
$HYPER will build a Bitcoin Layer 2 and connect it to Layer 1 using a Canonical Bridge and Solana Virtual Machine (SVM) integration.
This revolutionary step will allow users to seamlessly move $BTC from the Bitcoin mainnet to the Layer 2 chain, bringing programmability and scalability to a network that’s typically been slow and lacking native support for Web3 applications.
Simply send $BTC through the Canonical Bridge, which will convert it into wrapped $BTC on the L2.
Then, you can use this wrapped $BTC to deploy and interact with smart contracts and engage with various dApps, including high-speed trading, yield farming, lending and staking protocols, and NFT marketplaces, all while benefiting from lightning-fast execution, minimal transaction fees, and Bitcoin’s native security.
Because Bitcoin Hyper is a relatively new presale, you can grab each token for a low price of $0.01215. And the project has in total raised nearly $2M so far.
2. BTC Bull Token ($BTCBULL) – Ride Bitcoin’s Growth & Get Free $BTC Airdrops
BTC Bull Token ($BTCBULL) is one of the best cryptos to buy right now thanks to its unique $BTC airdrop mechanism, offering a low-cost, high-upside way to ride Bitcoin’s bull run while earning real $BTC along the way.
Every time Bitcoin hits a new major milestone, such as $150K and $200K, $BTCBULL holders who have stored their tokens in Best Wallet will automatically receive free $BTC.
Additionally, the project’s developers have planned to follow a deflationary model to ensure that the token’s price maintains an upward curve.
Under this, a part of the total $BTCBULL token supply will be burnt off every time Bitcoin climbs up by $50K.
By tying supply squeezes directly to Bitcoin’s price milestones, $BTCBULL creates a built-in scarcity mechanism, rewarding loyal holders and cranking up the token’s price as Bitcoin climbs.
Speaking of price, one $BTCBULL is currently selling for $0.002585. But with less than 24 hours remaining until the presale ends, this is your final chance to buy BTC Bull Token for this discounted rate.
3. Bonk ($BONK) – Prominent Canine-Themed Meme Coin Currently Available at a Discount
With the broader meme coin market set to benefit from a major push upwards, Bonk ($BONK), one of the largest meme coins by market cap in the world, could be in line for some handsome gains as well.
There are signs already. Bonk has jumped more than 50% over the past seven days, with a staggering 110% increase in 24-hour trading volume, signaling growing investor interest and momentum.
Bonk is a dog-themed meme coin built on the Solana blockchain. It was originally launched as a community-driven token, aiming to inject fun and energy into the Solana ecosystem after a rough market cycle.
And it did so successfully. $SOL saw a chunky 34% increase in price in just 48 hours following $BONK’s launch. $BONK is currently trading at just $0.00002257, offering a discounted entry point for interested long-term investors.
Bottom Line
In short, despite sitting on $1.2T in unrealized profits, Bitcoin holders aren’t selling, which signals their confidence in further upside and a shift toward long-term holding.
You can tap into this momentum by buying new Bitcoin-inspired presale cryptos like Bitcoin Hyper ($HYPER) and BTC Bull Token ($BTCBULL).
That said, kindly remember that the crypto market guarantees nothing. None of the above is financial advice, and we strongly urge our readers to do their own research before investing.
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
