Large Bitcoin holdings have unrealized gains of nearly 9.2 billion, indicating that whales are positioning themselves, revealing positive signals for the market.

[Coin World] Bitcoin surged to $88,661 on December 21. Interestingly, the Strategy fund that supports over 670,000 Bitcoins has unrealized gains of 18.3%, with a paper profit approaching $9.2 billion. This fund built a position of 671,268 Bitcoins on December 14 last year, investing over $50.3 billion in total, at an average price of about $75,000. Since then, Bitcoin has risen by about more than 10%, but for players holding such a large position, this amount of unrealized gains is already quite a considerable sum. The movements of large investors often reflect market sentiment, and this scale of position with unrealized gains is positive, which also confirms the recent upward momentum in the market.