CryptoQuant Research Director: Unrealized profit margins for Bitcoin traders are currently essentially zero
2024-04-18 15:35:04
Julio Moreno, head of research at CryptoQuant, posted on the X platform that the selling pressure on Bitcoin may be decreasing as unrealized profit margins are currently essentially zero. The realized profit price of traders (currently around $60,000) has supported prices during the bull market.
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