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Rapid increase in UTXO count
The UTXO count is the output of unspent transactions on the Bitcoin network. The rise of UTXO is being observed as opposed to boring prices. An increase in UTXO means that the on-chain activity of participants in the Bitcoin network is increasing, and users who hold Bitcoin are accumulating rather than selling. Despite the correction in the price of Bitcoin in the short term, users participating in the Bitcoin network are becoming more active. Increased on-chain activity could make the Bitcoin ecosystem even stronger.