Bitcoin has recorded a 7-week consecutive rise, with prices surover $past $100,000. However, new signals suggest this upward trend may soon end.
Identifying the exact moment of a price reveris difficult. But certain indicators can suggest increased risk, especially for investors who have not yet established strong positions.
Is confirmed by glassnode data. The accumulation score for wallets holding over 10,000,from around 0.8 0.5 in. This is visually by shifting from to.
"wallet group holding the most Bstarted distributing." – Thuan Capital glassnode
accum<>warning signal comes from Unspent Transaction Outputs (UTXO). UTXO is a technical mechanism ensuring each individual BTC can be used only once on the blockchain. also provides a profits for all unused BTC.
99% UTXO in Profit Bitcoin Source:ulation CryptoQuant
According to CQuant data, when 99% of UTXO are in profit, it typically indicates a market overheuationating stage. the Historically, such stages often precede price adjustments. Whether short-term or long-term, this signal emphasizes increasing risk for buyers.
"It's difficult to say we're in euphoria stage now. Broader macroeconomic context and uncertainty about Trump administration policies make it investors to take risks. When this 99% signal drops, unrealized profits could decrease, potentially triggering more profit-taking and causing late entrants to sell at a loss." – Analyst Darkfost statement.p>
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
