✉news BusinessCrypto first seen 20 h ago, last 8 h ago, peak #6
CryptoQuant warns bitcoin correction may be near as unrealized profits peak
Original: CryptoQuant says bitcoin correction could be near as traders' unrealized profit hits 21-month high
Analytics firm CryptoQuant says a bitcoin price correction could be close, with traders' unrealized profit reaching a 21-month high. Elevated unrealized gains often signal that holders are sitting on large paper profits and may sell to lock them in, raising the risk of a pullback. Crypto market watchers are weighing whether bitcoin's recent rally can continue or if profit-taking will set in.
Why now: Bitcoin traders are watching for signs of a market top after a strong rally pushed unrealized profits to their highest level in nearly two years.
Rank over time, top of the chart is #1. 10 snapshots from 20 h ago to 8 h ago.
Evidence
- CryptoQuant says bitcoin correction could be near as traders' unrealized profit hits 21-month high · The Block
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