“On November 24, the price of the first cryptocurrency fell below $96,000. This was preceded by a jump in daily realized profit to a record $443 million, according to CryptoQuant. BTC: Realized Profit reached an ALL-TIME HIGH of $443 million (daily) 🤑 pic.twitter.com/XXANCIogxk — Maartunn (@JA_Maartun) November 23, 2024 At the time of writing, quotes have returned to $98,000. In the derivatives market, the pullback caused the liquidation of positions in digital gold for $53.8 million. According to calculations […]”, — write: businessua.com.ua
On November 24, the price of the first cryptocurrency fell below $96,000. This was preceded by a jump in daily realized profit to a record $443 million, according to CryptoQuant.
BTC: Realized Profit reached an ALL-TIME HIGH of $443 million (daily) 🤑 pic.twitter.com/XXANCIogxk
— Maartunn (@JA_Maartun) November 23, 2024
At the time of writing, quotes have returned to $98,000.
In the derivatives market, the pullback caused the liquidation of positions in digital gold by $53.8 million.
According to CryptoQuant calculations, the unrealized profit reached 57%. For comparison, March 2024 saw a peak of 69%. This signals an increased probability of a price correction, experts said.
Likelihood of a correction increased? 😱
Unrealized Profit levels are elevated, currently sitting at 57%. This is approaching the March 2024 peak of 69%, signaling an increased probability of a price correction. pic.twitter.com/f0VEJMJSYw
— Maartunn (@JA_Maartun) November 23, 2024
We will remind you that VanEck confirmed the $180,000 forecast for Bitcoin.
Previously, Bernstein named the catalysts for the rise in the price of the first cryptocurrency to $200,000.
The source