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Bitcoin (BTC) is recovering from a “black swan” event last rivaled by the March 2020 COVID-19 crash, data suggests.In one of its Quicktake posts on Sep. 7, on-chain analytics platform CryptoQuant revealed a major spike in loss-making unspent transaction outputs (UTXOs).CryptoQuant: Bitcoin UTXOs in Loss "mirror" March 2020Bitcoin may be
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The Bitcoin network is getting more active with increasing block sizes, transactions, and overall UTXO counts. Source
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UTXO or unspent transaction output is the amount of bitcoin someone is left with after executing a transaction. Source
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A key metric is hovering at record highs, suggesting investors are likely holding bitcoins even when deep in the red. The number of unspent transaction outputs (UTXOs) in loss rose to all-time highs above $45 million on Dec. 17, representing a 578 percent rise from the July 1 figure of $6.69
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