Hi folks,
Let's look at $BTC UXTO Age Bands. When we check the UXTO key level for low time frame.
#bitcoin UXTO Age Bands
UTXO Realized Price Age Distribution is a set of realized prices along with age bands. The metrics help us to overview each cohort's holding behavior by overlaying a set of different realized prices. Realized price is calculated as Realized Cap divided by the total supply.
Key Levels in LTF
1 week - 1 month --> 30577 (major resistance level)
1 month - 3 months --> 27303
3 months - 6 months --> 26083
What's The Point?
We have seen that Bitcoin investors have been in profit during the first six months of 2023. However, when we look at the data for 1 week to 1 month, we can see that new investors have incurred losses.
When we look at macroeconomic data, "recession" is still on the table. The possibility of the FED raising interest rates is also quite high.
To sum up, we can expect selling pressure in the coming days will increase, and the key levels mentioned above may be tested. Short-term investors' stress levels may also be tested.
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