CryptoQuant warns of possible Bitcoin correction

6.7 Markets

Sep 29, 2026

CryptoQuant warns that despite Bitcoin’s bullish trend, rising unrealized profits and slowing demand could trigger a short-term correction, with support at $80,000, $71,000, and $67,000.

CryptoQuant has released several reports highlighting that, while Bitcoin remains in a bullish structure and has surpassed its 365-day moving average, there are emerging signs of market exhaustion. The unrealized profit margin for short-term traders has reached 33%, the highest in 21 months, historically prompting profit-taking. Notably, September 22 saw the largest daily profit realization of 2026, with 25,700 BTC sold. Meanwhile, both spot demand and futures growth are slowing, and the Coinbase Premium Index remains negative, indicating reduced activity from U.S. buyers. Although CryptoQuant does not foresee a long-term trend reversal, it cautions that high accumulated profits, realized sales, and declining demand could lead to a short-term correction. Key support levels are identified at $80,000, $71,000, and $67,000. The recent eight-month high of $87,400 may require a consolidation phase before further upward movement.