https://mr.nickyam.com/tags/on-chain/Recent content in On-Chain on Mr.YamHugoen-usWed, 30 Sep 2026 11:27:00 +0800https://mr.nickyam.com/Crypto/Bitcoin-Unrealized-Profit-Pullback-Warning/Wed, 30 Sep 2026 11:27:00 +0800https://mr.nickyam.com/Crypto/Bitcoin-Unrealized-Profit-Pullback-Warning/<p>On Wednesday morning, Bitcoin was still hovering around the $83,000 mark. According to reports, analytics firm CryptoQuant warned that short-term traders&rsquo; on-chain unrealized profit has hit a 21-month high, suggesting the market may be due for a pullback [1].</p> <p><img alt="Short-term holder unrealized profit at a 21-month high" loading="lazy" src="https://yun.nickyam.com/file/AgACAgUAAyEGAASS2zT1AAEB8oBqvLf_hhXLE9_INcdvSPTdg3UdeQACDBVrG5Ob6FX-9yxQaQzoFwEAAwIAA3kAAz0E.jpeg"></p> <p>The logic is straightforward: the thicker the paper profit, the stronger the temptation to take it. With book profits piled up to a near two-year peak, CryptoQuant&rsquo;s warning at this moment is essentially a bet on that urge to take profit.</p>