The Bitcoin market is currently displaying a complex mix of signals as the cryptocurrency’s recent surge begins to cool ahead of key U.S. inflation data. After climbing above $66,000 last week, Bitcoin has seen some profit-taking pressure as investors brace for macroeconomic indicators that could shape the Federal Reserve’s next move. Market analysts are closely watching the Consumer Price Index (CPI) report, which is expected to impact short-term sentiment and volatility across risk assets.
Despite this short-term pause, long-term Bitcoin holders are sitting on record unrealized gains. On-chain analytics reveal that holders are now in a hypothetical profit of over $1.47 trillion, the highest level ever recorded. This milestone reflects the resilience of Bitcoin’s long-term adoption cycle and highlights how accumulation during bear markets is paying off significantly for seasoned investors.
Meanwhile, large whale activity has intensified. Over 4,654 BTC—worth more than $546 million—was recently transferred to an unidentified wallet, sparking speculation about institutional reallocation or OTC trades. Additional transactions involving thousands of BTC sent to Galaxy Digital suggest strategic moves ahead of expected market shifts. These whale movements are often interpreted as precursors to volatility or strategic positioning.
At the same time, Coinbase, the leading U.S.-based crypto exchange, hit a major milestone—crossing the $100 billion market cap threshold for the first time. The company’s valuation has surged alongside Bitcoin’s recent uptrend, and investor confidence in regulated crypto platforms is growing steadily. Coinbase’s milestone reflects the broader institutional optimism surrounding Bitcoin’s long-term trajectory, even amid short-term market caution.
