[Brief] CryptoQuant: Bitcoin Short-Term Unrealized Profit Hits 21-Month High, Correction Risk Looms
The Block, citing CryptoQuant data, reports that Bitcoin short-term holders’ on-chain unrealized profit margin has climbed to its highest level in 21 months. Market sentiment is approaching the “overheated profit” zone, and analysts believe the probability of a near-term technical correction is rising.