Bitcoin's Net UTXO Supply Ratio Triggers First Buy Signal Since November 2022

BTC0.99%
According to CryptoQuant analyst Axel Adler Jr., Bitcoin's Net UTXO Supply Ratio entered buy territory for the first time since November 2022 as of early July. The metric historically signals proximity to cycle lows. Concurrently, loss supply indicators show the fast-moving average crossed 50% by late June, meaning over half of Bitcoin's circulating supply is underwater.
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