Analysis: 99% of Bitcoin UTXOs are in profit
May 27 news, CryptoQuant stated that 99% of Bitcoin UTXOs are in a profitable state, indicating that market frenzy may be imminent. Analyst Darkfost_Coc mentioned that when this 99% signal decreases, unrealized profits will shrink, potentially triggering more profit-taking and forcing latecomers to capitulate and sell at a loss.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
No trading data for S&P 500 and Nasdaq 100 futures since 11:44
Next-generation digital finance AI assistant Minara is now officially open to users worldwide.
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
Trending news
MoreCrypto prices
More
