[The Number of Bitcoin UTXOs Drops to the Lowest Level Since April 2024] The number of Bitcoin Unspent Transaction Outputs (UTXOs) has recently dropped to approximately 166.6 million, marking a new low since April 2024. Analyst CryptoOnchain stated that the decrease in UTXO count is typically inversely correlated with Bitcoin price increases, a phenomenon regarded as a sign of the market's gradual maturation. Current data indicates that long-term holders are actively increasing their positions, thereby reducing selling pressure in the market. This trend is interpreted as Bitcoin entering a strategic 'reaccumulation phase,' which could lay the foundation for future price movements.
--
Loading...