Apologies if this has been shared earlier. I believe it was only published yesterday and didn't see it on the forum.
Seen some talk about other numbers believing that they have evidence whales are accumulating and I have my own theories but this particular research is at least drawing some different comparisons from utxo analysis: https://www.delphidigital.io/utxo
The takeaways for me:
- bottom is near, Q1 2019 (I don't buy that, we could see a good portion of mid-term traders still want to wring out profits at $4k).
- utxo age is increasing and focusing on big whales. I also think they overlook that a lot of big investors actually don't control any coins, just numbers in portfolios or coins in custodial services (which could be used to loan out or onwards invest, so could possibly still be in circulation).
- selling pressure from 3-5 yr holders almost exhausted. My personal contact with holders of this term agrees.
What do you think?
Topic: Bitcoin UTXO Analysis shows 2014 patterns (Read 139 times)
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