CryptoQuant research director: Bitcoin pullback caused traders to fail to achieve significant profits, but the market correction is healthy

Julio Moreno, head of research at CryptoQuant, wrote on the X platform that the current bitcoin price correction has led to a significant decrease in the unrealized profit margins of on-chain traders, after bitcoin broke through $100,000. Analysis shows that this correction is normal after a sharp increase, which contributes to the healthy development of the market. At present, the realized price of traders (which usually constitutes price support in bull markets) is about 88,000 dollars, while the current price of bitcoin is about 93,000 dollars.