Bitcoin (BTC) On-Chain Analysis: >95% of UTXOs in Profit
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BeInCrypto –
In this article, BeInCrypto takes a look at on-chain indicators for bitcoin (BTC), specifically, the percentage of Unspent Transaction Outputs (UTXO). The current reading is dissimilar to that of the 2017 market cycle top. This indicates that the current increase is likely not a relief rally, but rather the continuation of a bullish trend.
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