Bitcoin's Unspent Transaction Outputs (UTXOs) provide a transparent snapshot of the cryptocurrency's liquidity and transactional habits. Analyzing UTXO trends can offer valuable insights into network activity and potential market movements. In our 2023 data analysis, we discovered intriguing shifts in Bitcoin user behavior. But what does this all mean? Find out inside...
Deciphering the role of UTXOs in Bitcoin consolidation patterns Deciphering the role of UTXOs in Bitcoin consolidation patterns
On-chain data shows users might be taking advantage of the calm October market and consolidating their UTXOs.
3 min read
Updated: Oct. 12, 2023 at 3:28 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.
