Popular crypto Bitcoin (BTC) is now recovering from an event called “Black Swan” that was rivaled by the year 2020’s March during the COVID-19 period.
There has been a major peak in loss-making regarding several UTXOs (Unspent Transaction Outputs). These UTXOs actually refer to the leftover BTC after on-chain transactions get executed. This is essentially a loss metric that tracks when exactly the large no.s of the UTXOs become worth much more than they originally were when BTC was bought.
Bitcoin (BTC) is now making market participants worry about the value at which it stands now – its weakened stature is worrisome for many.
Presently there are many of these losses as compared to the price during their original acquisition at any point of time since the month of March back in the year 2020. At that time, during the time the price had dropped by sixty percent, and again now its value is getting the same way.
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