As Bitcoin rallies after FTX collapse, 25% of supply is held between $15.5k and $23k

Definition

UTXO Realized Price Distribution (URPD) shows at which prices the current set of Bitcoin UTXOs were created, i.e., each bar shows the number of existing bitcoins that last moved within that specified price bucket.

Quick Take

Up to 20% of all Bitcoin supply is in high profit, from $686 to $15,000.
The next band sees 25% of all Bitcoin supply sitting between $15,500 and $23,000
Less than 1% of all supply is between $24,000 and $26,000
The majority of the Bitcoin supply is sitting at a loss

URPD: (Source: Glassnode)

The post As Bitcoin rallies after FTX collapse, 25% of supply is held between $15.5k and $23k appeared first on CryptoSlate.

Publication date

01/31/2023 - 19:27

Author

James Van Straten

Article source

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