Bitcoin en phase de correction après le rallye à 44 XNUMX $ : CryptoQuant
The price of bitcoin (BTC) has entered a correction phase following the assets rally to and beyond the $44,000 mark. A weekly report from the on-chain analytics platform CryptoQuant revealed that several valuation metrics show the leading digital asset is due for a correction as its price has increased too fast. BTC in the Correction Phase One of the metrics is CryptoQuants Bull-Bear Market Cycle Indicator, which has entered the red area for the third time this year. Historically, crypto asset prices have witnessed a correction for the past two periods, and the indicator moved into the overheated bull phase. Another metric is the percentage of Bitcoin supply in profit. On-chain data shows that 90% of circulating BTC is in profit, and according to previous circles, the current phase marks the start of a price correction. In addition, the crypto market has witnessed selling pressure from both short and long-term holders, whales, and miners. Short-term holders started to offload their assets at high profit margins, while longer-term holders sold theirs as prices soared above $40,000. Average dormancy data revealed that six-month-old bitcoins were spent before the assets price fell. Bear Market in The Past Furthermore, Bitcoin miners offloaded more coins when BTC surged to $44,000, selling their




