CryptoQuant analyst warns Bitcoin UTXO loss/profit ratio reaches extreme levels

Odaily News, CryptoQuant analyst Darkfost pointed out that the Bitcoin market is approaching a significant pain threshold for holders, with the number of loss-making UTXOs continuously increasing. The loss/profit ratio has reached extreme levels in terms of holding losses. This level is typically seen only during periods of strong market stress, such as bear markets. This metric measures market conditions by comparing the number of UTXOs in profit versus those in loss, unaffected by price fluctuations. Darkfost believes that the scale of holding losses is currently expanding, presenting accumulation opportunities for long-term investors. Meanwhile, phases of optimism when profitable UTXOs significantly push up the ratio could be signals of a market turning point.