Bitcoin trading analysis shows major holding pattern, UTXO data reveals 
Quick Take
Latest data from the UTXO Realized Price Distribution (URPD) reveals an interesting pattern of Bitcoin’s trading behavior. The URPD, which illustrates the prices at which the current set of Bitcoin UTXOs were generated, indicates a particular concentration between the $28.9k and $29.4k range, surpassing the prior position at $16.5k. This shift signifies how long Bitcoin has remained within this specific trading range, suggesting a state of market stagnation.
Further analysis reveals that approximately 10% of the total Bitcoin supply is consolidated between the $28.8k and $30.8k bracket. This concentration points to a considerable holding pattern among Bitcoin investors within this price range, potentially indicating caution or anticipation of future market movements. It’s a trend that reflects not only the current market strategy but also the wider sentiment among Bitcoin holders.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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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.
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