CryptoQuant says bitcoin correction could be near as traders’ unrealized profit hits 21-month high

CryptoQuant warns that Bitcoin’s aggregate unrealized profit among traders has reached its highest level in 21 months, a condition that has historically preceded increased profit-taking. The firm said the elevated metric suggests Bitcoin may be approaching a correction, although it does not establish the timing or magnitude of a decline. The key implication is heightened near-term downside risk as traders may lock in gains, potentially increasing selling pressure and volatility.