✉news BusinessCrypto first seen 3 h ago, last 2 h ago, peak #26
CryptoQuant warns of potential Bitcoin correction as profits peak
Analytics firm CryptoQuant has cautioned that Bitcoin may be due for a correction, with investor profit-taking reaching elevated levels. According to the firm's on-chain indicators, profits across the market have peaked, a pattern historically associated with cooling price momentum. Traders are weighing whether the warning signals a short-term pullback or the start of a broader downturn for the leading cryptocurrency.
Why now: Investors are reacting to CryptoQuant's on-chain data suggesting Bitcoin's profit levels have peaked, raising correction fears.
Rank over time, top of the chart is #1. 2 snapshots from 3 h ago to 2 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/391617