CryptoQuant Warns of Potential Bitcoin Correction Amid High Short-Term Profit Margins

CryptoQuant research head Julio Moreno reports that while Bitcoin's recent close above its 365-day moving average confirms a new bull market, momentum is weakening following a peak of 87,400 dollars. Short-term traders' on-chain unrealized profit margins have reached 33%, the highest since December 2024, which historically triggers profit-taking. On September 22, Bitcoin holders realized 25,700 BTC in profits, a 2026 high, while altcoin exchange inflows hit their highest level since October 17, 2025. Moreno suggests that a correction could test support levels at 80,000 dollars, 71,000 dollars, and 67,000 dollars, viewing such a move as a healthy consolidation rather than a trend reversal.