Deep Tide TechFlow News, February 4th, CryptoQuant reported that the proportion of Bitcoin UTXOs in loss has re-entered the 27-30% range, closely resembling the decline pattern in May 2022. This indicator shows that a large number of market participants have shifted from profit to unrealized losses. Analysis indicates that this range is not simply a bearish signal but a critical decision zone for market pressure: if it breaks above 30% and remains sustained, it could trigger further declines; if it stalls and falls within the 27-30% range, it suggests selling pressure may have been exhausted, potentially leading to a trend recovery. The current stage is seen as a test of the market’s absorbed panic level, rather than the beginning of panic.
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CryptoQuant: The loss ratio of Bitcoin UTXOs has entered the 27-30% range, similar to the decline level in 2022
Deep Tide TechFlow News, February 4th, CryptoQuant reported that the proportion of Bitcoin UTXOs in loss has re-entered the 27-30% range, closely resembling the decline pattern in May 2022. This indicator shows that a large number of market participants have shifted from profit to unrealized losses. Analysis indicates that this range is not simply a bearish signal but a critical decision zone for market pressure: if it breaks above 30% and remains sustained, it could trigger further declines; if it stalls and falls within the 27-30% range, it suggests selling pressure may have been exhausted, potentially leading to a trend recovery. The current stage is seen as a test of the market’s absorbed panic level, rather than the beginning of panic.