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Analyst: Bitcoin's UTXO indicator suggests the market has entered a capitulation phase and may be approaching the bottom of the cycle
Svmuu News: According to a post by Darkfost, Bitcoin UTXO data shows that the ratio of loss-making trades to profit-making trades in the current market has fallen to its lowest level in this bear market cycle, indicating that investors are entering a clear “capitulation” phase.This metric has been triggered multiple times in the past during market bottoms. The last time a similar low was reached was during the depths of the mid-2023 bear market, when the price of Bitcoin briefly fell to approximately $26,000.
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Source：Odaily · Source Link
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