This is the most challenging cycle when looking at the drawdown from UTxO Value Band (1K-10K)

This-is-the-most-challenging-cycle-when-looking-at-the-drawdown-from-UTxO-Value-

With only three days left until the end of the year, let's look at and compare the number #BTC 🔻from Unspent Transaction Outputs (UTxOs) belonging to the cohort holding denominations from 1K-10K. 

11/2018 - 2/2019:🔻324 868.65 #BTC
3 - 4/2020: 🔻186 928.48 #BTC
2 - 7/2021: 🔻407 457.14 #BTC
6 - 12/2022: 🔻453 205.04 #BTC

Before the FTX crash, this cohort accumulated 94 816.14 more from mid-T9 to early-T11, then dropped more 243 895.66 Bitcoin.

Not sure what will continue next year but based on the number of coins exited or sold, distributed... this is the most challenging cycle.

Generally, the market can only recover when this cohort has enough confidence to accumulate again. And at the moment, we still not get any positive signals from this cohort.