UTXOs in Loss: A Precursor to the Next Black Swan Event?

UTXOs-in-Loss-A-Precursor-to-the-Next-Black-Swan-Event

Given that the current level of the "UTXOs in loss" indicator mirrors that of the Black Swan event between March and April 2020 (due to the Coronavirus), those anticipating another Black Swan event might want to consider whether we are already in the midst of the event they are waiting for. 

The term "UTXOs in loss" used in Bitcoin or other UTXO-based cryptocurrencies represents the UTXOs currently valued less than their original acquisition price. It's an indicator that helps gauge market sentiment and holder behavior. When many UTXOs are in loss, investors might be more inclined to sell, hinting at market anxiety. Conversely, when most UTXOs are profitable, it suggests an optimistic outlook and a stronger holding sentiment among investors.