Although Bitcoin (BTC) continues its upward movements, experts point out signs of overheating.
On-chain analytics platform CryptoQuant to your data The cryptocurrency market is showing signs of warming up and may face a correction.
CryptoQuant’s indicator showing the bull and bear market cycle, Bitcoin price over 65 thousand dollars with the release “Overheating Bull” has passed to the stage. On the other hand, the high profitability rates of Bitcoin miners are also A sign of warming for the market carrying.
Miners since December 2023 transactions with the highest profitability is carrying out.
CryptoQuant also provides investors with unrealized profit margins. to reach 57% in He launched it as a signal. According to the data, the level in question is higher than the previous corrections. often before had been seen.
Finally, short-term Bitcoin investors From February 2021 It has the highest profit rates since then and This investor group Selling could trigger a possible correction. It is estimated.
According to CoinGecko data bitcoin, while writing 68,415 It finds buyers in dollars.