Bitcoin UTXOs echoing March 2020 ‘black swan’ crash — New research

CryptoQuants UTXOs in Loss metric tracks when large numbers of these UTXOs are worth more than they were when the BTC was initially bought.Currently, more of these are in loss compared to their original acquisition rate than at any time considering that March 2020. At the time, BTC/USD dropped 60% to its most affordable levels considering that March 2019– lows which were never seen again.Considering the existing data from UTXOs in Loss, CryptoQuant factor Woominkyu ventured that, like March 2020, Bitcoin might be seeing, or currently bouncing back from, a curveball selling event.He summarized:”Given that the existing level of the UTXOs in loss indicator mirrors that of the Black Swan event in between March and April 2020 (due to the Coronavirus), those anticipating another Black Swan event may desire to consider whether we are currently in the middle of the occasion they are waiting for. Source: CryptoQuantIn portion terms, 38% of UTXOs were in loss at the end of August, a figure last seen in April 2020.