Bitcoin UTXO Falls To Lowest Level Since April 2024 — What This Means For Price
According to the latest on-chain data, Bitcoin has been witnessing an interesting change in its holder behavior, further intensifying the bullish speculation in the market. Bitcoin UTXO Count Declines As Price Surges In a Quicktake post on CryptoQuant, market analyst CryptoOnchain revealed that long-term Bitcoin investors seem to be changing their investment strategy by increasingly…
Bitcoin UTXO Signal Approaches 99% Level – Bullish Signal Or Profit-Taking Setup?
Bitcoin is trading less than 2.5% below its all-time high near $112,000, signaling growing momentum and the potential start of a new impulsive phase in price discovery. After weeks of steady gains and strong consolidation above the $100K level, BTC appears ready to break higher and extend its macro uptrend. The market is watching closely,…
Is Bitcoin Finding a Bottom? What The UTXO Data Is Telling Us
Bitcoin’s price recently experienced another significant downturn, falling below $80,000 earlier today—a nearly 20% decrease in just the past week. This prolonged slump highlights the broader challenges facing the market, with minimal signs of recovery in sight. Amid this turbulent price activity, insights from tugbachain, a contributor to the CryptoQuant QuickTake platform, have shed light…
Would Bitcoin Reclaim $70,000 Soon? Key Data Suggests New Investors Hold the Key
Bitcoin recent decline has led to a slight pushback in investor confidence and increased anticipation within the crypto community, with many now craving a rally back above $70,000 more than before. Amid this, a new analysis suggests that although the Bitcoin market could be on the brink of a major breakout, it hinges on a…