The Bitcoin UTXO signal approaches 99% level – Haussier signal or configuration for profit?

by Barry Solano
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Bitcoin is negotiated at less than 2.5% below its summit of all time almost $ 112,000, signaling a growing dynamic and the potential start of a new impulsive price discovery phase. After weeks of regular earnings and high consolidation higher than $ 100,000, BTC seems ready to break higher and extend its macro trend. The market looks closely, because its own decision above $ 112,000 could trigger a wave of bullish continuation and a renewal of institutional interests.

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Information on the cryptocurrency chain adds an important context at this time. More specifically, UTXOS analysis – transaction outputs that are not spent – provides a more in -depth understanding of the state of not made profits through the network. UTXOs are the basic technical structure which guarantees that one Bitcoin can only be spent once. But beyond that, they offer a critical overview of the profitability of coins.

Currently, the market is approaching the 99% threshold, which means that 99% of all BTC holdings are in profit. This level is historically aligned with the periods of euphoria on the market and high upward trend, but can also point out potential overheating if it is supported for too long. While Bitcoin is part of new heights, this metric strengthens the strength of the rally while reminding investors that so high profitability often comes with Increased volatility.

Bitcoin thrives in volatile times while the market approaches a 99% profit threshold

Bitcoin shows a remarkable force because it flirts with new peaks this week, trading just below $ 112,000. While global markets react to the increase in yields of the American treasury and persistent inflation, Bitcoin seems to prosper in chaos, solidifying its role both a risk asset and a macro hedge. While the traditional markets are faced with pressure, the BTC continues to direct with resilience, even as a feeling of geopolitical uncertainty and linked to politicians.

Top Analyst Darkfost shared fresh ideas On the Bitcoin chain state, focusing on the usefulness of UTXOS (transaction outlets not spent). UTXOs are the technical mechanism which guarantees that one BTC can only be spent once on the blockchain. But beyond that, they serve as a powerful tool to assess the not made in all the BTC kept.

Bitcoin Euphoria phase at 99% utxos for profit | Source: Darkfost on x
Bitcoin Euphoria phase at 99% utxos for profit | Source: Darkfost on x

A key metric derived from UTXOS is the percentage of the BTC offer in profit. Currently, Bitcoin approaches the critical threshold of 99%, which means that almost all the parts are in unrealized gain territory. Historically, this level is associated with periods of market euphoria and with sustained rise in trends, but it is also accompanied by a warning: high unpaid profits often precedes peaks of profit.

While the structure of the BTC remains optimistic, macro uncertainty – in particular around the political orientation of the Trump administration – maintains the risk condemnation. As Darkfost notes, “we are not yet entirely euphoric, but we enter an area where late buyers should be careful.”

If the profit signal of 99% decreases, it can trigger a wave of sales as gains decrease and lower hands capitulate. For the moment, however, Bitcoin remains strong and the bullish trend is intact. The market looks closely because in times like these, BTC tends to move first.

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BTC holds stable near the ups as the momentum is built

Bitcoin is currently negotiated at $ 109,679 on the 4 -hour graph, consolidating just below its top of all time after recovering short -term support. The price recently rebounded on the 100 SMA ($ 105,586) and now oscillates above the 34 EMA ($ 108,280), reporting a continuous upper dynamic. All key mobile mediums are aligned on the rise, reflecting a strong and healthy trend.

BTC showing the strength below Ath | Source: BTCUSDT graphic on tradingView
BTC showing the strength below Ath | Source: BTCUSDT Table on tradingView

The volume remained relatively stable during withdrawal and recovery, which suggests that no major distribution phase is in progress. The 50 SMA ($ 107,679) also acted as a dynamic support during the recent drop, strengthening the area of ​​the area from $ 107,000 to $ 108,000.

The level of $ 103,600, previously a major resistance continues to serve as a solid structural support. As long as the BTC remains above this area, the wider trend remains intact. The short -term resistance is now near the range from $ 110,200 to $ 112,000. An escape above this level would probably trigger the next leg plus, potentially towards the $ 120,000 mark.

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With Bitcoin holding above the EMA of the key and the mobile averages on the time of 4 hours, the bulls remain in control. If the price continues to build above $ 108,000, the probability of retests and exceeding the summits of all time increases considerably during future sessions.

Dall-e star image, tradingview graphic

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