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.
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