Bitcoin Euphoria: 99.3% of UTXOs in Profit, Potential Bull Run Ahead
11/19/2024 8:21:22 AM
According to Ki Young Ju, Bitcoin has entered a euphoric phase, with 99.3% of Unspent Transaction Outputs (UTXOs) currently in profit. This typically signals a bullish period that can last between 3 to 12 months, although there was an exception in November 2021. This phase began two weeks ago, and traders should be cautious as shorting Bitcoin now could mean either catching the peak or missing out on a parabolic bull run. (Source)
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