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Bitcoin faces correction risk amid surging profit-taking
Bitcoin is experiencing a period of heightened volatility and potential correction risk as profit-taking reaches multi-month highs. On-chain data from CryptoQuant indicates that unrealized profit margins for short-term holders climbed to 33% in September, the highest level since late 2024. This surge in realized profits, including a peak of 25,700 BTC on September 22, coincides with cooling spot demand and a persistently negative Coinbase Premium Index.
Despite these pressures, technical indicators present a mixed outlook. Bitcoin's Bull Score recently hit 90 out of 100 after the price crossed its 365-day moving average, a signal often associated with the start of bull markets. However, analysts note significant resistance between $85,000 and $85,500, with $80,000 identified as a key support level. While spot Bitcoin ETFs in the US saw substantial inflows of approximately $1 billion during late September, overall trading volume remains relatively low.
In the broader crypto market, Ethereum analysts like Arthur Hayes have expressed optimism, predicting the asset could reach $10,000 by year-end. Meanwhile, Eric Jackson suggests Bitcoin could hit $100,000 by the end of 2026 if current macro trends and liquidity conditions persist.
Entities
Arthur Hayes · Bitcoin · Coinbase · CryptoQuant · Eric Jackson · Federal Reserve · Glassnode · Shayan Markets · U.S. Securities and Exchange Commission · Wintermute
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Bitcoin faces a significant short-term resistance zone between $85,000 and $85,500. en.bitcoinsistemi.com
- [○ 1 SOURCE] Bitcoin's Bull Score reached 90 out of 100 after breaking its 365-day moving average. crypto.news
- [● 4 SOURCES] Bitcoin's rally is losing momentum due to high profit-taking and cooling demand. crypto.news · koinbulteni.com · cryptobriefing.com · bitcoinmagazine.com
- [○ 1 SOURCE] Arthur Hayes predicts Ethereum could reach $10,000 by the end of the year. coin-turk.com
- [● 2 SOURCES] Net realized profit for Bitcoin reached a 2026 high of 25,700 BTC on September 22. koinbulteni.com · bitcoinmagazine.com
- [○ 1 SOURCE] US spot Bitcoin ETFs saw net inflows of approximately $1 billion over two days in late September. en.bitcoinsistemi.com
- [○ 1 SOURCE] Eric Jackson predicts Bitcoin could reach $100,000 by the end of 2026. www.bitcoinsistemi.com
- [● 3 SOURCES] Bitcoin's unrealized profit margins reached 33% in September. koinbulteni.com · cryptobriefing.com · bitcoinmagazine.com