CryptoQuant warns Bitcoin may face near-term correction as profits peak
Image: Crypto BriefingCryptoQuant flagged signals pointing to a possible near-term Bitcoin correction. Daily realized profits hit 25,700 BTC on September 22, 2026, the highest daily total that year. Short-term trader unrealized profit margins reached 33%, the highest level since late 2024. Apparent Bitcoin spot demand contracted by 170,000 BTC over the prior 30 days, while futures demand growth dropped sharply between mid and late September. CryptoQuant still classifies the broader Bitcoin market as bullish, noting the asset closed above its 365-day moving average to confirm a new bull market.
Key points
- Short-term Bitcoin trader unrealized profit margins reached 33% as of the reports' publication.
- Futures demand growth dropped sharply between mid and late September 2026.
- CryptoQuant maintains the broader Bitcoin market remains in a bullish phase.
Why it matters
The metrics highlight a split between futures-driven price gains and weakening spot demand, a dynamic CryptoQuant links to past market pullbacks. Key support levels for Bitcoin are tracked near $80,000, $71,000 and $67,000.
What's unclear
One report states exchange inflows remain relatively low, while the other reports 7-day cumulative inflows hit their highest level since October 17, 2025
Price context · BTC
At publication
$82,999.00
Now
$83,275.00
Change since
+0.33%
7 days · dashed line = publication
Sources · 3 publishers
The Block
Tier 1
CryptoQuant says bitcoin correction could be near as traders’ unrealized profit hits 21-month high
CoinCentral
Tier 3
Bitcoin Bull Market Holds, but CryptoQuant Warns of Correction
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by The Block
- CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
