CryptoQuant says bitcoin correction could be near as margins hit 33%

  • CryptoQuant says bitcoin traders’ unrealized profit margins reached 33%.
  • Bitcoin climbed to an eight-month high of $87,400 after the margin increase.
  • Bitcoin holders realized profits on 25,700 BTC on Sept. 22, described as the largest.

Bitcoin traders' unrealized profit margins, which measure paper gains not yet locked in, climbed to 33%, their highest level since December 2024, CryptoQuant said. The increase followed a rally that took Bitcoin to an eight-month high of $87,400, prompting the analytics firm to warn that a correction could be near. Bitcoin holders realized profits on 25,700 BTC on Sept. 22, an amount described in The Block's report as the largest, without a specified comparison.

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