CryptoQuant Research Director: Bitcoin's pullback has significantly reduced traders' unrealized profits, but market adjustments are within the healthy range

CryptoQuant's research director, Julio Moreno, posted on platform X that the current Bitcoin price correction has significantly reduced the unrealized profit margins of on-chain traders. Previously, Bitcoin had broken through $100,000.

Analysis shows that this kind of correction is normal after a significant increase and contributes to healthy market development. Currently, the realized price for traders (which usually constitutes price support in a bull market) is about $88,000 while the current price of Bitcoin is approximately $93,000.