TechFlow, May 27 — According to data charts from CryptoQuant, 99% of Bitcoin's unspent transaction outputs (UTXOs) are currently in a profitable state. Historically, this metric is often associated with market top signals. Looking at historical data since 2012, whenever this level has been reached, it typically indicates the market may be entering an excessively optimistic phase.
Analyst @Darkfost_Coc noted: "When this 99% signal declines, unrealized profits shrink, potentially triggering more profit-taking and forcing latecomers to sell at a loss."
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