When Bitcoin's price surged at the beginning of March, both the percentage of UTXOs and the overall supply in profit neared 100%, signaling a peak of market optimism as Bitcoin approached $73,000. But what happens when the tides turn, and prices fall? Discover how recent market shifts have altered these critical metrics, revealing the sentiments of different types of Bitcoin holders. Are smaller, more frequent traders more vulnerable than long-term investors? Find out in our in-depth analysis...
Bitcoin price stabilizes but profitability gap points to unease Bitcoin price stabilizes but profitability gap points to unease
Bitcoin recovery sees mixed signals from UTXO and supply profit metrics.
4 min read
Updated: Sep. 10, 2024 at 10:53 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.