Important level of UTXOs in profit (%)

Important-level-of-UTXOs-in-profit

Bitcoin UTXOs in Profit (%) represents the percent of UTXOs which are currently in profit. This metric can be helpful to show us the market tops by suggesting that investors are close to take profits and that we can see a price reversal. 

The last time the market had the metric in a high state indicating over 95% of UTXOs being in profit, it was during the 2021 top bull market. This mean that we should pay close attention to this area if it will be touched and crossed in the next period, in order to prepare for a possible hard correction as sellers might be dominant creating a cascade of sells, based on historical data.