Bitcoin UTXO Declines to Lowest Since April 2024 as Price Rises
Recent on-chain data indicates a shift in Bitcoin holder behavior, fueling bullish speculation.
Bitcoin UTXO Count Declines As Price Surges
- The Bitcoin UTXO Count, which tracks unspent transaction outputs, has been declining since January 2025.
- Current UTXO count is about 166.6 million, the lowest since April 2024.
- From a peak of 187.5 million, the UTXO count has contracted by 11%.
- This decline contrasts with Bitcoin's price increase from $99,000 to approximately $122,000.
Reasons for the Decline and Future Expectations
- Long-term holders are retaining their coins, contributing to market maturity.
- Low UTXO count suggests reduced transactions and selling pressure, enhancing network efficiency.
- The current trend may indicate a reaccumulation phase, with investors positioning for potential upward moves.
The price of BTC currently stands at about $122,720, reflecting over a 1% growth in the past day.
