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Bitcoin UTXO Hits New Low
Summary: According to newsbtc, Bitcoin's Unspent Transaction Output (UTXO) has recently dropped to around 166.6 million, reaching the lowest level since April 2024. Analyst CryptoOnchain pointed out that the decrease in UTXO quantity has an inverse relationship with BTC price increase, signaling market maturity. This indicates that long-term holders are actively accumulating coins, reducing selling pressure, ...
According to newsbtc, Bitcoin's Unspent Transaction Output (UTXO) has recently dropped to around 166.6 million, reaching the lowest level since April 2024. Analyst CryptoOnchain pointed out that the decrease in UTXO quantity has an inverse relationship with BTC price increase, signaling market maturity. This indicates that long-term holders are actively accumulating coins, reducing selling pressure, suggesting Bitcoin is currently in a strategic 're-accumulation phase.'
