Bitcoin Euphoria: 99.3% of UTXOs in Profit
11/19/2024 8:21:22 AM
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)
Bitcoin Ki Young Ju UTXOMore from Undefined (@Undefined):