CryptoQuant analyst says Bitcoin UTXO loss/profit ratio has reached extreme levels

Odaily reported that CryptoQuant analyst Darkfost pointed out that the Bitcoin market is approaching an important 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 only seen during periods of strong market pressure such as bear markets. This metric measures market conditions by comparing the number of profitable and loss-making UTXOs, unaffected by price fluctuations. Darkfost believes that the scale of holding losses is currently expanding, presenting accumulation opportunities for long-term investors. Meanwhile, periods of optimism when profitable UTXOs significantly push up the ratio may signal a market turning point.