SimonaD
Area of high interest for crypto market participants
UTXOs in profit entered a historical area of great interest for participants in the crypto market. Currently, 97.3% of Unspent Transaction Output are in profit, which means that we should pay more attention as we can see a possible selling pressure in the next period, if BTC investors want to take profit. We can observe that historically, the UTXO in profit indicator can stay in this area for a longer period and we can assume that the distribution process takes place with the entry of several participants in the market. If investors' belief in the rise of the Bitcoin price remains firm, a possible wider correction of the Bitcoin price can be postponed until investors consider that the profit they can get is good enough to be motivated to sell. Monitoring on-chain indicators and being ready to act to the changing market conditions, are important for a successful investments.