Short-term $BTC margins just flashed a 21-month risk signal.

CryptoQuant onchain data reveals unrealized profit margins for short-term holders have surged to levels not seen in nearly two years. Heavy paper profits often trigger sudden distribution, raising the likelihood of a near-term market cool-off.

📊 Unrealized profit margins reach a 21-month peak across short-term wallets.
⚠️ Historical patterns show high margins increase local correction risks.
📉 Traders are monitoring onchain spend metrics closely for profit-taking signals.

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