CryptoQuant says Bitcoin’s short-term on-chain profit rate has risen to its highest level since 2024 December
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AT A GLANCE
Short-term holders’ unrealized profit rose to 33%, and the report said Bitcoin’s upward momentum was weakening, with a possible correction.
Article
CryptoQuant Short-term on-chain profit margin hits 2024-year December high since, Bitcoin may face a correction
PANews September 30 reported, citing The Block, that CryptoQuant head of research Julio Moreno noted in a report that Bitcoin’s weekly closing price was above the 365-day moving average, confirming the start of a new bull market. However, Moreno said that after Bitcoin reached 87,400 USD’s 8-month high, multiple indicators showed that upward momentum was weakening, and the market could subsequently see a correction. The report said that short-term traders’ on-chain unrealized profit margin had risen to 33%—the highest level since 2024 December. Historically, when the profit margin reaches similar levels, it often prompts traders to take profits. Data showed that September 22 Bitcoin holders realized daily profits of 25700,BTC setting a daily record high for 2026;...
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🔗https://www.panewslab.com/zh/articles/01a0efd9-535a-719a-a6e2-c23ec920099e
Key points
01
CryptoQuant Head of research Julio Moreno noted in a report that Bitcoin’s weekly closing price was above the 365-day moving average.
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The report said this confirmed the start of a new bull market.
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Bitcoin had reached a 87400 USD’s 8-month high.
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Short-term traders’ on-chain unrealized profit margin rose to 33%, its highest level since 2024 December.
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September 22, Bitcoin holders realized daily profits of 25700 BTC, setting a 2026 daily record high.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Unrealized profit is the paper gain calculated at the current price before an asset is sold. A higher profit margin means that some short-term traders may choose to sell to take profits; the report therefore concluded that upward momentum was weakening and warned of a possible correction.
Why it matters to readers
If short-term traders take profits en masse, market selling pressure could increase and prices could face pressure in the short term.
This shows that a price increase does not mean prices will continue rising, and that holders’ selling behavior also affects Bitcoin’s short-term trend.
Risks and unknowns
Not provided in the original CryptoQuant The full report was not provided; the information comes from secondary media reports.
“A possible correction” is an analytical judgment, not an outcome that has already occurred.
The original content is truncated with an ellipsis, so subsequent data and the full context are unknown.
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Related concepts
On-chain unrealized profit margin
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