CryptoQuant CEO: 99.3% of Bitcoin UTXOs are in profit状态
ChainCatcher news, CryptoQuant CEO Ki Young Ju stated on the X platform that the Bitcoin market is currently in a frenzy phase, with 99.3% of unspent transaction outputs (UTXO) in profit.
Ki pointed out that this "frenzy" phase usually lasts from 3 to 12 months, but there are exceptions, such as the bull trap in November 2021.
Ki indicated that this phase began two weeks ago, and the market is at a critical point. Shorting may capture opportunities near the top or could lead to misjudgments at the bottom of a parabolic rise.
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