Bitcoin's current price is hovering around $27,000 USD, while 12-18 Months UTXO Realized Price is at $26,950 USD and the 6-12 Months UTXO Realized Price at $20,600 USD. Coupled with data from Exchange Inflow UTXO Age Bands, this narrative unveils investor behavior and its potential implications.
The 12-18 Months UTXO Realized Price indicates that holders within this timeframe have reached their average purchase price. In contrast, the 6-12 Months UTXO Realized Price, lower than the market price, hints at profitability for this cohort.
Exchange Inflow UTXO Age Bands data reveals that the 12-18 Months UTXO cohort, despite enduring extended unrealized losses, is not rushing to sell their holdings. Conversely, the 6-12 Months UTXO group, realizing profits, is actively selling on exchanges.
The difference in behavior shows that some investors have more confidence in Bitcoin's long-term future. Those who've held Bitcoin for 12-18 months seem to believe in its future potential, thus not selling at the break-even point right now. Given the limited influx of Bitcoin from the 12-18 Months UTXO cohort into exchanges indicating low selling pressure, it suggests that their realized price may not serve as a resistance level for Bitcoin price. This implies that Bitcoin has room to rise and potentially surpass this level.
Written by Lidja Jahollari
