The decline in UTXOs under six months has halted and is now leveling off, with only 8.6% of investors currently at a loss at Bitcoin’s present price. Historically, when the decrease in UTXOs under six months stopped and showed a sharp increase, Bitcoin’s price experienced a significant surge. During those periods, the percentage of investors in a loss zone converged toward zero.

For Bitcoin’s price to see further growth, a favorable market sentiment is required, which is reflected by the influx of new investors. These new investors typically show interest when optimism begins to rise, and there will likely be an explosive influx when Bitcoin reaches a new all-time high.

If history repeats itself, the current price of Bitcoin could be seen as being on the verge of an explosive breakout.