Bitcoin UTXO Profit/Loss Ratio Drops to Historical Bottom Range

BTC-0.51%
According to CryptoQuant analyst MorenoDV_, Bitcoin's UTXO block height profit/loss ratio has dropped into a historical bottom range, signaling deeper internal market cleanup. However, the analyst emphasized that this does not confirm a bottom has formed. A more significant decline in the 365-day moving average would be required to prove the market's long-term profit structure has been adequately reset.
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