Bitcoin Correction Risk Rises as Unrealized Profits Hit 21-Month High
CryptoQuant is warning of potential selling pressure in Bitcoin as unrealized profits among short-term traders reach a 21-month high. According to CryptoQuant, this could lead to a correction in the near term, despite the overall bull market condition.
The firm's data shows that holders realized $25,700 in profit on September 22, marking the largest single-day profit realization of 2026. This increase suggests that some investors are using elevated prices to secure returns after the latest advance.
CryptoQuant also noted a slowdown in futures demand growth and contracting spot demand, indicating weaker market conditions. The firm identified $80,000 as the first major support area if a correction develops, with additional levels at $71,000 and approximately $67,000.