- The trader’s unrealized profit rate reached 17.7% on May 5, 2026.
- Contract profit in the spot market reached a high of 14.6 thousand per day $BTC May 4, 2026.
- Apparent spot demand recorded a contraction of -11,000 $BTC According to the latest compiled data.
Bitcoin’s The recent rally has directly affected key zones on the blockchain, which analysts say has established a clear impact. wall of resistance for the pioneers Cryptocurrency prices.
We have written in recent weeks that Bitcoin is undergoing a price correction, mainly due to the following situations:
– High unrealized profits.
– Rapid increase in profit-taking in spot and futures markets.
– Slowdown in US spot demand.
– Technical and on-chain price resistance.Check out the latest information…
— Julio Moreno (@jjcmoreno) May 18, 2026
CryptoQuant warns of correction risk in moving averages
The CryptoQuant analysis published on May 13, 2026 details: bitcoin price It reached a 200-day moving average of $82.4,000. The move materialized after a 37% recovery from the lows recorded in April.
Julio Moreno, head of research at the platform, noted that current on-chain indicators show similarities to the macroeconomic pattern observed in March 2022. Major cryptocurrencies soared 43% Before reaching the same long-term technical indicator and retrace.
CryptoQuant’s historical data suggests unrealized accumulation. Typically, as the price approaches the technically congested zone, profits drive large amounts of coins into circulation.
During the May 5th session, the paper’s profit margin reached 17.7%.Analysts at the company noted that these levels significantly increase investors’ willingness to liquidate positions to lock in profits.
Selling pressure is already quantitatively visible in network records. The realized profit of the spot market is 14.6K $BTC This figure represents the highest daily profit taking volume since December 10, 2025.
Weak demand from US institutional investors
Analyzing the trading environment reveals the following: bitcoin price premium of coinbase The platform turned negative in late April. The indicator remained below zero while the price tried to stabilize around the $80,000 mark.
In CryptoQuant’s official documentation, coinbase This reflects a slowdown in buying interest from US institutional investors. Historically, this indicator has been an essential requirement to sustain long-term bullish trends.
On the other hand, the apparent demand index is spot market Easing contraction from -91,000 $BTC April is up to minus 11,000 $BTC Although the data reflects a moderation in the severity of the decline, it shows that actual accumulation in spot wallets remains weak compared to the derivatives market.
Current volume growth is primarily concentrated in domestic speculative positions. perpetual futures contract. Considering this scenario, the company’s quantitative model places the nearest major support at $70,000. This technical level corresponds to on-chain realized prices by short-term traders and is the area where profit margins are typically compressed to zero.
