CryptoQuant analyst warns of potential BTC correction as profit margins reach 47%

Julio Moreno, Head of Research at CryptoQuant, recently noted on X that Bitcoin investors who have held the cryptocurrency for one to three months are currently seeing unrealized profit margins of 47%. According to Moreno, this high percentage suggests a potential correction could be looming. He pointed out that previous peaks occurred in March 2024 at 69% and in December 2023 at 48%.