bulgtrader2022-02-15

BTC: How UTXO in loss correlates with LTHs & preveals expectations

It is clear that LTH (Long-Term Holders) that have held steady for this long would continue to hold till new all-time highs. This QT concentrates on the LTH & UTXOs in loss and showing the correlation to highlight their behaviour and expectation. In the chart following LTH timeframes are visible: 12m-18m, 18m-2y, 2y-3y, 3y-5y, 5y-7y, More than 10y 2018-2020: >UTXO: high losses up to ~60%. >Distribution of the LTH: high amount holding >With the price rise & being in profit, LTH started to sell. Current corrections 2021-now: >UTXO: losses are not that high like before, max ~22% >Furthermore, the losses in 2022 are a bit higher than in 2021. >Distribution of the LTH: '21 has signficantly less LTH to 2018-2020 & bit less to `22 >Especially it has to be highlighted that with this correction the amount of LTH is again increasing compared to 2021! Conclusion: >HODLing is driving the UTXO-loss metric >Increasing amount of LTHs indicates that there is expectation for new ATHs!