Exploring Bitcoin's UTXOs reveals an intriguing trend: their creation significantly outruns their spending. This pattern, observed between October 28 and December 14, offers insights into market sentiment and investor behavior. Find out more with CryptoSlate Alpha ...
Bitcoin owners hold tight as new UTXOs outstrip spending Bitcoin owners hold tight as new UTXOs outstrip spending
The number of created UTXOs has been outpacing spent UTXOs since late October, pointing to a strong trend of Bitcoin accumulation.
3 min read
Updated: Dec. 14, 2023 at 4:24 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.