| Time | Details |
|---|---|
| 2024-07-05 07:57 |
Significant Portion of Bitcoin Supply Dormant for Over 5 Years
According to @intotheblock, more than 30% of Bitcoin's supply has not been moved in over 5 years. This observation is based on the Unspent Transaction Outputs (UTXOs) used by first-generation blockchains like Bitcoin to account for users' funds. The UTXO model allows analysts to determine how long holders retain their funds before spending them. (Source) |
| 2024-11-19 08:21 |
Bitcoin Euphoria: 99.3% of UTXOs in Profit
According to Ki Young Ju, Bitcoin is currently experiencing a euphoric phase with 99.3% of UTXOs in profit, indicating widespread investor satisfaction. Historically, such euphoric phases last between 3 to 12 months, with the exception of the bull trap in November 2021. This phase began two weeks ago, and traders should be cautious as shorting Bitcoin now could either mean catching the market at its peak or at the bottom of a parabolic bull run. (Source) |