Bitcoin Bull Market Shows Signs of Fatigue
CryptoQuant warns that Bitcoin's bull market is showing signs of cooling despite still being in a bullish structure. The firm's research note indicates that several indicators are pointing to higher selling pressure and weaker demand.
One of the concerns comes from short-term holders, whose unrealized profit margin has risen to 33%, the highest level since December 2024. This increase in profit-taking is already showing up in realized gains, with Bitcoin holders cashing out about 25,700 BTC on September 22, the largest single-day realized profit figure recorded in 2026.
Selling signals are also appearing beyond Bitcoin, particularly in the altcoin market. Seven-day cumulative altcoin exchange inflows reached 76,000 transactions involving about 51,000 depositors, the highest levels recorded since October 17, 2025.