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@ Layer3.news
2025-03-01 05:02:01
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IS BITCOIN FINDING A BOTTOM? WHAT THE UTXO DATA IS TELLING US
https://i0.wp.com/img.cryptoquant.com/368746/quicktake/3PIhzVH_d2d3e3cc869f21b43bb0fcf6b89b3519e4bdf5bbdd418bf41489aabd2b34915f.png?resize=1280%2C847&ssl=1
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✍️ Bitcoin's price has experienced a significant downturn, falling below $80,000, and insights from CryptoQuant's tugbachain have shed light on the shifting patterns of UTXO Realized Price Age Distribution.
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👉 UTXO Realized Price Age Distribution metric provides a detailed look at realized prices across various age bands
👉 Realized price levels have functioned as key support zones during market corrections
👉 1-3 month realized price levels have now fallen below their typical support thresholds
👉 Next potential support area lies in the 3-month to 6-month range, approximately around $75,875
👉 NVT Golden Cross metric measures the ratio of Bitcoin's market capitalization to its daily transaction volume
👉 NVT value is below -2.4, placing Bitcoin firmly in the oversold territory
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#tugbachain #technology
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