The analytical service CryptoQuant has reported a high unrealized profit among traders with leverage. The higher the indicator, the greater the likelihood of a price correction.



The current level is 47%, the previous peaks were in March - 69% and in December 2023 - 48%.

Analysts also noted the awakening of miners after the bitcoin price rose above $90,000. About 25,000 BTC was sent from pool wallets in the past day. The last similar outflow was observed in August, which may indicate partial profit taking.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)