**Bitcoin UTXOs in Profit Reach Lowest Level Since October 2023**

The percentage of Bitcoin UTXOs (Unspent Transaction Outputs) in profit has significantly decreased, hitting its lowest level since October 2023. Specifically, the proportion of Bitcoin UTXOs in profit has dropped from 99% in June to 68.5% in September.

This decline indicates that some traders have realized profits, contributing to a decrease in Bitcoin’s price due to ongoing selling pressure. Historically, a similar drop in the percentage of Bitcoin UTXOs in profit led to a substantial price surge of 273%, from $26,700 to $73,000, achieving a new all-time high.

Despite the current downturn, historical trends suggest potential for future growth.