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💡 Insightful analysis from CryptoCon! 📈📊 When dealing with Bitcoin transactions, remember that you're often trading in larger chunks than what's immediately apparent. Some of this gets returned as change, resulting in unspent transaction outputs (UTXOs). This current state of significant UTXO loss is reminiscent of the unique events seen in 2020. Such occurrences are common in market cycles, and historically, when UTXO losses surge, it often indicates the formation of a bottom after a significant market dip. 🐻📉 So, it seems like we might be on the cusp of a positive shift in the market, heading towards the next bullish phase. 🚀🌕 #CryptoAnalysis #BitcoinMarket #UTXOLosses #MarketCycles #BullishOutlook
💡 Insightful analysis from CryptoCon! 📈📊 When dealing with Bitcoin transactions, remember that you're often trading in larger chunks than what's immediately apparent. Some of this gets returned as change, resulting in unspent transaction outputs (UTXOs). This current state of significant UTXO loss is reminiscent of the unique events seen in 2020. Such occurrences are common in market cycles, and historically, when UTXO losses surge, it often indicates the formation of a bottom after a significant market dip. 🐻📉 So, it seems like we might be on the cusp of a positive shift in the market, heading towards the next bullish phase. 🚀🌕 #CryptoAnalysis #BitcoinMarket #UTXOLosses #MarketCycles #BullishOutlook
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