Bitcoin’s $1.2 Trillion Unrealized Profit Pool Grows While Holders Resist The Urge to Sell

Bitcoin prices dipped by 0.93% in the last day after the premier cryptocurrency suffered another price rejection in the $110,000 range. This latest price pullback forces Bitcoin to maintain a consolidatory movement that has dominated the majority of last month drawing speculations about a potential market top. Interestingly, prominent market analyst Ted Pillows has weighed in on this discourse stating that historical data shows that Bitcoin is yet to achieve a peak price for the current market cycle.

Bitcoin’s Consolidation: A Preparation For Final Bull Leg

In an X post on July 4, Ted Pillows shares a bullish market insight following another Bitcoin price dip. Notably, the premier cryptocurrency seemed on course to resume its market uptrend after a significant price rebound from $99,000 in late June following weeks of downward consolidatory movement. However, another decisive rejection in the $110,000 indicates Bitcoin’s prices remain range-bound thereby worsening investors’ concern across the market. In interpreting this situation, Pillows has called for calm stating the recent price dip is merely a “leverage flush” that requires no panic. Using a visual study on the BTC weekly chart, the renowned analyst shows that the current and previous price pullbacks are part of a predictable pattern that has played out across previous Bitcoin cycles.

The chart shows that after each halving event, Bitcoin tends to peak approximately 18 months (518 days) later. With the most recent halving occurring in mid April 2024, the expected peak for this cycle would fall somewhere around Q4 2025, specifically on October 13, 2025, consistent with historical performance. Furthermore, a recurring 140-day rally window is also depicted in the chart, usually forming the final leg of the bull run. In each previous cycle, this 10-bar stretch delivered parabolic price movements. If history is rhyming once again, Bitcoin is now within range of initiating this 10-week bull run, suggesting the equivalent rally seen in previous could soon kick in.

How High Can Bitcoin Price Go?

Based on Pillows’ recent analysis, Bitcoin may be gathering momentum for its final rally of the present market cycle. The extent of this anticipated uptrend remains unknown; however, the presence of bullish factors most notably the high influx of institutional investment and the US pro-crypto policies supports a range of sky scraping targets. For example, Pillows has previously shared that the popular stock-to-flow model which uses Bitcoin’s scarcity to project long-term price trajectory has predicted a potential price target of $368,925 by 2025 end. If this prediction holds true, Bitcoin investors are eyeing an estimated 242% from current market prices. At press time, Bitcoin continues to trade at $108,299 reflecting a 0.83% gain in the past week.

As the second half of 2025 begins, Bitcoin is showing decreased volatility and logging fewer monthly transactions, as its U.S.-based spot ETFs near $50 billion in cumulative net inflows. 

Bitcoin's "at-the-market" implied volatility, a measure of how volatile Bitcoin is expected to trade across timespans ranging from seven days to six months, has fallen in July to its lowest levels since October, 2023, when Bitcoin traded around a third of its current value, according to data from The Block. 

Alongside the decrease in volatility, monthly transactions on the Bitcoin network fell by 15% in June compared to May, The Block's data shows, logging the fewest monthly transactions since October, 2023. Transaction activity has seen notable lows in recent weeks, with some abnormally low-fee transactions even being scooped up by miners looking deep in the mempool for transactions to add to blocks. 

As transaction activity on the network falls, Wall Street's demand for BTC has only increased, with U.S. spot Bitcoin ETFs continually logging new cumulative inflow records. The funds logged over $1 billion in inflows over two days last week, bringing the cumulative total net inflow to just below $50 billion. The funds hold around $137.6 billion worth of BTC in total, a new all-time high, according to SoSoValue data. 

Publicly-listed companies also bought BTC in June—around 65,000 BTC, worth about $7 billion at current prices, according to data from BitcoinTreasuries. A Glassnode analysis in June found that, though Bitcoin's onchain activity is a 'ghost town,' the increase in transactions from high net worth agents signals institutions and whales are becoming more dominant on the network. 

A decrease in Bitcoin futures volume could also signal a summer slump for the world's largest cryptocurrency, The Block recently reported. 

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In a recent X post, CryptoWzrd highlighted that Litecoin (LTC) closed the day on a slightly bearish note. He explained that LTC’s price action remains closely tied to Bitcoin’s movement and overall market sentiment, with the $96 level standing out as the next resistance.

Bearish Daily Close For Litecoin Amid Bitcoin Correlation

According to CryptoWzrd, Litecoin closed the day with a bearish daily candle, while mirroring Bitcoin’s price action. This alignment suggests that LTC remains heavily influenced by broader market sentiment and BTC’s directional moves. Meanwhile, the LTCBTC pair ended the session indecisively, offering no clear signal of strength or weakness against Bitcoin at the moment.

The analyst noted that for a sustained upside move in Litecoin, healthier and more constructive candles are needed on the LTCBTC chart. Without stronger signals from this pair, confidence in a breakout remains limited. Adding to the cautious tone, CryptoWzrd pointed out that a decline in Bitcoin dominance would be a critical factor in unlocking altcoin momentum, including for Litecoin.

From a technical standpoint, Litecoin is currently aiming for the $96 daily resistance level. CryptoWzrd explained that a successful push above this barrier could open the door for a stronger rally, potentially extending toward the $128 resistance zone. However, that scenario depends on supportive market conditions and renewed strength across altcoin charts.

On the downside, $80 stands out as the key daily support level that traders should monitor. A breakdown below this zone could trigger a deeper correction and delay any near-term bullish ambitions. Maintaining support above this level would be crucial in preserving the broader structure and keeping upward targets in play.

Looking ahead, CryptoWzrd emphasized his focus on the lower time frames to spot potential scalp opportunities. By analyzing intraday chart formations, he aims to capitalize on short-term price movements while the broader market context unfolds. Traders following LTC closely will want to keep an eye on these short-term setups for quick entries and exits amid ongoing volatility.

Intraday Volatility Signals Patience Over Action

In conclusion, CryptoWzrd noted that today’s intraday chart for Litecoin was marked by volatility and a bearish tone, making it a challenging environment for clean trade setups. He emphasized the importance of waiting for a more favorable trading location before entering any positions, as the current conditions lacked clear direction and structure.

According to the analyst, a move above the $90 intraday resistance would be a positive signal and could present a potential long opportunity. However, if the price gets rejected at that level, it may lead to further downside pressure. For now, CryptoWzrd remains patient, waiting for the market to establish a healthier setup before taking action.

Michael Saylor, a vocal Bitcoin advocate and the executive chairman of Bitcoin treasury company Strategy, has published a tweet about Bitcoin, featuring an old-school fighting computer game.

The screenshot he shared shows a made-up game similar to The Mortal Kombat or Sango Fighter, but the players are called Strategy and Metaplanet, represented by these companies’ chiefs – Michael Saylor vs. Simon Gerovich. Strategy’s HP metric totals 597,325, and Mateplanet’s is 13,350, respectively – the amounts of Bitcoin held by these BTC treasury companies.

Saylor tweeted: “If you’re going to fight, fight for Bitcoin.” Earlier, this image was published by Metaplanet’s Gerovich, which is posted as a response to Saylor’s comment.

On that day, Saylor tweeted that Metaplanet should get to the second spot among Bitcoin treasury companies by the size of BTC holdings, “and then we fight,” Saylor jestingly stated. Gerovich published this image to illustrate a hypothetical event where Bitcoin bags will be used for fighting, not fists or other weapons.

Both Strategy and Metaplanet announced new Bitcoin purchases on Monday. Strategy bought 4,980 BTC worth more than half a billion dollars, while Metaplanet announced the accumulation of 1,005 BTC bought for roughly $108.1 million.

Over the past 24 hours, the bellwether cryptocurrency, Bitcoin, went down by less than 1%, falling from $108,925 to the $108,100 zone. On Thursday, BTC lost the $110,000 price level.