CryptoQuant CEO: Early Bitcoin traders have reached a historic high in profits during this cycle

CryptoQuant CEO Ki Young Ju stated that early Bitcoin traders have achieved the highest unrealized gains ever in this cycle.

Unlike previous cycles where the selling pressure was mainly absorbed by cryptocurrency exchange traders, the main buying force in this market comes from structural purchases such as spot trading exchange-traded funds and inflows of digital asset funds. This change has driven the unrealized profits of Binance platform traders to nearly three times the peak in 2021.