Bitcoin is showing signs of a gradual recovery, currently trading above $102,000 after previously dipping below $100,000. This marks a 6.3% increase over the past two weeks. A CryptoQuant analyst reviews Bitcoin’s realized capitalization and UTXO age bands for future insights.
According to analysis, there’s an increase in the proportion of younger UTXOs, indicating that new market entrants are becoming more active. Historically, high levels of younger UTXOs have coincided with market tops. Although we're not at peak levels, this signals speculation.
Overall, Bitcoin still has room for an upward trajectory, but traders should remain vigilant. IT Tech, a contributor, emphasized the importance of monitoring young coins' ratio to long-term holdings.
Bitcoin is currently priced at $102,768, with its market cap surpassing $2 trillion. However, daily trading volume has decreased significantly from previous levels.
Kaynak: www.newsbtc.com ↗