Markets· ★★★· bearish·

CryptoQuant warns bitcoin correction may be near as traders' unrealized profit hits 21-month high

  • —Short-term BTC traders' unrealized profit margin is at a 21-month high
  • —CryptoQuant sees risk of a near-term bitcoin correction
  • —The metric tracks profit buildup among speculative holders
Why it matters: Elevated unrealized profits among traders have historically preceded profit-taking and pullbacks, a key signal for short-term positioning.
#BTC
Source: The Block
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