99% of Bitcoin addresses are in profit? This signal is just a step away from a surge or a crash!!!
Current data shows that 99% of BTC UTXOs are in a profitable state.
This means that the vast majority can just sell now and make a profit. It sounds like the middle of a bull market, but the problem lies here:
Once this '99%' starts to decline —
▶ Bulls may start to take profits;
▶ A panic sell-off could quickly crush the price;
▶ Latecomers will become bag holders, and cutting losses may be the outcome.
Before the peak of a bull market, there are always people getting off, and there are always some getting on at high positions.
So don’t let euphoria dull your judgment —
This '99%' signal can sometimes be more honest than candlesticks.
See the structure clearly, and don't let profits become a trap.
