Study: 81% of Bitcoin investor funds show profit

According to data provider Glassnode, as a result of price growth and market capitalization, the majority of ownersBitcoin (BTC) are in a winning position. UTXO Realized Price Distribution, or URPD (indicating the time of movement and the number of coins), sets the profitability of bitcoin at 81%.

UXTO - output of an unspent transaction. This is the kind of change you receive when making a purchase. For example, if you want to purchase something in the amount of 3 BTC, and the balance of your bitcoin wallet is 5 BTC, you cannot just pick up 3 BTC to make a payment.

This is comparable to the fact that you cannot isolate $50 from a $ 100 bill. When making a bitcoin transaction, the network takes 5 BTC from your wallet in order to exchange coins, it credits the seller with the necessary amount, and your wallet receives a change of 2 BTC minus a commission.

Such transaction processing helps the Bitcoin network.Track and track the movement of funds. It also allows you to track the initial price points / ranges for each UTXO, and it is these price ranges that serve as the basis for measuring the profitability of new and current bitcoin assets.

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The fact that such a large portion of BTC assets incurrently located in the green zone, indicates a bull market. In addition, this indicates a significant shift in profitability after March 12, when the share of profitable UTXO fell to 40% (Glassnode data). This UTXO rate of return was the lowest since October 2015.

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Despite the positive trend, Glassnode suggests that a long rally could trigger a sell-off caused by profit-taking investors.

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