Over 50% of the Bitcoin UTXOs that have been created now sit in profit

exchange68September 13, 2024

0 0 1 minute read

Definition

UTXO Realized Price Distribution (URPD) shows at which prices the current set of Bitcoin UTXOs were created, i.e. each bar shows the amount of existing bitcoin that last moved within that specified price bucket.

Quick Take

As of March 20, over 50% of all UTXOs created are profitable.
Compared to November 21, the current bottom of this cycle was 23% of all UTXOs in profit.
Currently, 30% of all UTXOs have been bought between $15,500 and $28,000.
Looking at URPD by price level, we can see all different types of cohorts have ‘bought the dip’ between the Bitcoin price levels of $15,500 and $28,000.
The cohort that has been the most aggressive during these past four months has been retail (one bitcoin or less).

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.