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JAN 2, 2024

Bitcoin UTXOs in Profit

by CryptoEduHub

Addresses with profitable BTC now: 95.33% The last time the indicator was above the 95% UTXO in profit threshold was in November 2021.
Addresses with profitable BTC now: 95.33%
The last time the indicator was above the 95% UTXO in profit threshold was in November 2021. This implies that we should pay special attention to this zone as historical data suggests that sellers will be dominant.
The indicator "UTXOs in profit" refers to Unspent Transaction Outputs (UTXOs) within a blockchain network that are currently holding a value higher than their original acquisition cost. UTXOs represent individual units of cryptocurrency that have been received but not yet spent in a transaction.
When these UTXOs are considered "in profit," it means that the current market value of the cryptocurrency associated with those UTXOs has appreciated since they were acquired. In other words, if a user received some cryptocurrency in the past and those funds are still unspent, their value has increased based on the current market price.
Monitoring UTXOs in profit can be relevant for investors and traders to assess the profitability of their holdings. It provides insights into the potential gains or losses associated with specific transactions or addresses, helping users make informed decisions about when to sell, trade, or hold their cryptocurrency assets.
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