Bitcoin UTXO drops to a new low
ChainCatcher news, according to newsbtc, the number of Bitcoin UTXOs (Unspent Transaction Outputs) has recently dropped to about 166.6 million, reaching the lowest level since April 2024.
Analyst CryptoOnchain pointed out that the decline in UTXO numbers has an "inverse relationship" with the rise in BTC price, which is a classic signal of a "maturing market." This indicates that long-term holders are actively "accumulating coins," thereby reducing selling pressure. This trend suggests that Bitcoin is currently in a strategic "re-accumulation phase."
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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