CryptoQuant Research Director: Bitcoin's pullback has significantly reduced traders' unrealized profits, but market adjustments are within the healthy range
CryptoQuant's research director, Julio Moreno, posted on platform X that the current Bitcoin price correction has significantly reduced the unrealized profit margins of on-chain traders. Previously, Bitcoin had broken through $100,000.
Analysis shows that this kind of correction is normal after a significant increase and contributes to healthy market development. Currently, the realized price for traders (which usually constitutes price support in a bull market) is about $88,000 while the current price of Bitcoin is approximately $93,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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