๐ฅ Bitcoin Still Has Room to Run โ But Watch This Key Metric Closely ๐ฅ
Every time Bitcoin experiences a strong price acceleration, it rapidly shifts coins from loss to profit โ and thatโs when the UTXO Profit-to-Loss Ratio (30-day SMA) starts spiking.
๐ What You Need to Know:
When this metric jumps above 200, it often signals the market is entering overheating or distribution territory.
Todayโs reading? Just 99.
๐ That means no overheating yet โ the market still has room for new highs.
๐ But Hereโs the Catch:
The "easy fuel" that drives this metric (coins moving from loss to profit) is almost burned out.
Weโll need a much stronger impulse or bigger price swings to push this ratio higher.
The next major move? Could be the third compression of this cycle โ the spring that launches us into the overheating zone.
โ ๏ธ TL;DR:
๐น Current UTXO P/L Ratio = 99 (Safe Zone)
๐น Overheating = Above 200
๐น Fuel is running low โ expect the next wave to come from strong price volatility
๐ Keep your eyes on this metric โ it might be the early warning before Bitcoinโs next euphoric breakout (or blow-off top).
