Bitcoin Structure Has Changed: UTXO Data Challenges Traditional Cycle Narratives
Bitcoin is trading above the $71,000 level as the market navigates heightened volatility, reflecting a phase of uncertainty following recent price swings. While short-term momentum remains unstable, underlying on-chain data suggests that the current market structure may differ significantly from previous cycles. Related Reading: Bitmine Locks 68% of Ethereum Holdings As Staking Position Surpasses $6.75B According to a CryptoQuant report, UTXO Age Bands data for 2025–2026 presents a pattern that contrasts sharply with historical bear markets. In both the 2018 and 2021 cycles, the share of....
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Ethereum is trading below $2,200. The market is volatile. And yet, quietly, the structural case for ETH has never looked more constrained on the supply side. A new CryptoQuant report reveals that 38.31 million ETH — roughly 31.4% of the total supply — is now locked in staking, an all-time high. That is not a footnote. It is the most significant supply development in Ethereum’s recent history, and the price has not caught up to it yet. Related Reading: Bitcoin Structure Has Changed: UTXO Data Challenges Traditional Cycle Narratives The data is unambiguous: the ETH 2.0 Staking Rate....
Crypto analyst Egrag Crypto has revealed the chances of the XRP price rallying to $9 in this market cycle. He alluded to performances in previous cycles to explain why he believes this $9 target is the minimum for this cycle, with the possibility that XRP could reach higher prices. Chances Of The XRP Price Rallying to $9 In an X post, Egrag Crypto revealed a 57% chance that the XRP price will rally to $9. This came as he highlighted a descending broadening wedge, which he claimed has a 57% chance of breaking to the upside and a 43% chance of breaking to the downside. He advised those....
According to the latest on-chain data, Bitcoin has been witnessing an interesting change in its holder behavior, further intensifying the bullish speculation in the market. Bitcoin UTXO Count Declines As Price Surges In a Quicktake post on CryptoQuant, market analyst CryptoOnchain revealed that long-term Bitcoin investors seem to be changing their investment strategy by increasingly holding on to their coins. This on-chain observation is based on the Bitcoin UTXO Count metric, which tracks the total number of individual unspent transaction outputs on the blockchain. Related Reading:....
Bitcoin has lost more than 30% of its value since early October, triggering a sharp shift in market psychology. What was once viewed as a routine correction is increasingly being interpreted by analysts as a potential cycle top. Sentiment has deteriorated quickly, with fear and apathy replacing the optimism that dominated earlier in the year. Many investors are now positioning defensively, preparing for what they believe could be a prolonged bear market phase similar to past post-peak cycles. Related Reading: Who Really Sold The Dip? On-Chain Data Exposes Bitcoin’s True Sellers However, a....
Andreas Antonopoulos published an interesting article last August on the effect segregated witness (Segwit) may have on the unspent transaction output set (UTXO set). I didn’t agree with the conclusions in that article, and thought about writing about it back in August. Which I didn’t. Now that the article has sailed up as hot stuff again on the....