Bitcoin’s UTXO (Unspent Transaction Output) profit percentage is showing significant movements hinting at a potential V-shaped market rebound. Recent analysis indicates that while the price of is in a consolidation phase, the UTXO profit percentage is diverging from its lows. This trend has piqued the interest of market observers, particularly the “ulation whales,” who are known to respond to market fear with strategic buying.
“This is time when accumulation whales are likely to respond to market fear, indicating a potential V-shaped.” – By @mignoletkr
During last year’s consolidation phase, similar pattern was observed. Despite stagnant price action, UTXO’s profit percentage began rise, signaling underlying strength in the market. This metric reflects the percentage of profitable UTXOs and is crucial for understanding market sentiment. A rising UTXO percentage amidst consolidating prices can indicate that more holders are profitable, reducing selling pressure and leading to price stability or even a rebound.
Accumulation whales have historically played a pivotal role in stabilizing the market during periods of fear and uncertainty The current divergence between Bitcoin’s price and the UTXO in profit percentage suggests that whales may soon enter the market to capitalize on low prices, potentially triggering a V-shaped recovery.
Bitcoin’s historical data indicates past instances where similar divergences have preceded significant as shown in attached image illustrating Bitcoin’s UTXO in profit percentage over time.
stakeholders await for next move from these large holders and their potential impact on Bitcoin’s price.
While Bitcoin remains in its consolidation phase, rising UTXO in profit percentage suggests underlying strength and potentially leading to turnaround for the cryptocurrency markets. Accumulation whales may soon intervene strategically due to current conditions leading possibly leading into V-shaped recovery.
Participants are advised as always staying considering broader indicators before investing Tags: BTC