UTXO Distribution And $40,000 The $40,000 plus range has been a key psychological level for bitcoin price. Since the start of 2020, bitcoin price has existed at or above $40,000 for 155 days, or 36% of the time. Since all of those 155 days happened in 2021, the price has existed at or above $40,000 on 59% of the days of this year. To dig in further, we can use the UTXO realized price distribution data to get some better context on yesterday's decline and how the $43,460 closing price fits within the bigger picture.
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The Daily Dive #064 - Derivatives Liquidation…
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UTXO Distribution And $40,000 The $40,000 plus range has been a key psychological level for bitcoin price. Since the start of 2020, bitcoin price has existed at or above $40,000 for 155 days, or 36% of the time. Since all of those 155 days happened in 2021, the price has existed at or above $40,000 on 59% of the days of this year. To dig in further, we can use the UTXO realized price distribution data to get some better context on yesterday's decline and how the $43,460 closing price fits within the bigger picture.