More than 71% of Bitcoin's circulating supply is in unrealized profit, meaning those coins last moved at prices below the current market level. The reading is approaching a historical threshold that has preceded major bull markets since 2012. Separately, short-term holder whale unrealized profit reached a record $9.07 billion on Sept. 4, according to CryptoQuant analysis published Sept. 7, before falling to $7.51 billion on Sept. 5 as Bitcoin eased. Bitcoin and major cryptocurrencies declined Monday amid geopolitical tensions and higher oil prices, with more than $175 million in largely leveraged long positions liquidated over 24 hours. Bitcoin traded at $79,397.43 at 9:26 p.m. EDT, while traders monitored support between $72,000 and $74,000. Elevated unrealized gains increase the pool of coins that could be sold, but they do not show that holders have moved assets to exchanges or taken profits.