According to the latest on-chain data, Bitcoin has been witnessing an interesting change in its holder behavior, further intensifying the bullish speculation in the market.   Bitcoin UTXO Count Declines As Price Surges In a Quicktake post on CryptoQuant, market analyst CryptoOnchain revealed that long-term Bitcoin investors seem to be changing their investment strategy by increasingly holding on to their coins. This on-chain observation is based on the Bitcoin UTXO Count metric, which tracks the total number of individual unspent transaction outputs on the blockchain. Related Reading: Bitcoin Breaks $123,000 As Rising Open Interest Signals More Action Ahead For context, an unspent transaction output is an amount of a cryptocurrency (in this case, Bitcoin) that has been received by an address, but has not yet been used as input for a new transaction. CryptoOnchain shared that this on-chain metric has been on a steady decline since January 2025. In the post, the crypto analyst pointed out that the UTXO count recently reached about 166.6 million, the lowest point seen since April 2024.  Since the Bitcoin UTXO reached a peak of approximately 187.5 million in January, it has witnessed a contraction of up to 11% — an event which CryptoOnchain interprets as a clear sign of network consolidation.  Interestingly, this decline seen with unspent transaction output contrasts with Bitcoin&#8217;s price action. While the UTXO has maintained a steady bearish structure, Bitcoin&#8217;s value has continued to ascend. The flagship cryptocurrency saw a price growth from about $99,000 to its current market price of around $122,000. This &#8220;inverse relationship&#8221; is one that the online pundit explained to be a “classic hallmark of a maturing market.” Why The Decline And What To Expect A decreased UTXO count could be a result of several underlying factors, including that long-term holders are choosing to hold their coins rather than selling for profit. Owing to this “hodling” behavior, it can be said that the market is starting to gain maturity. Also, CryptoOnchain explained that low UTXOs could indicate reduced transactions within the Blockchain. By extension, this could mean that fewer sales are going on, which translates to reduced selling pressure on price. Also, a lower UTXO count points to increasing network efficiency. As users aggregate smaller UTXOs into larger ones, they optimize the blockchain space, leading potentially to a less congested network. Ultimately, the simultaneous decline in Bitcoin&#8217;s UTXO and its price increase paints an exciting picture for the cryptocurrency&#8217;s future. This combination signals that the premier cryptocurrency is at a reaccumulation phase, meaning that investors are strategically positioning themselves in expectation of the next significant upward move. As of this writing, the price of BTC stands at about $122,720, showing an over 1% growth in the past day. Related Reading: Bitcoin Faces Key Levels: $125k Resistance Vs $118k Support – Details Featured image from iStock, chart from TradingView

يشهد البيتكوين تحولًا ملحوظًا في سلوك حاملي العملات، حيث انخفض عدد UTXO إلى أدنى مستوى له منذ أبريل 2024. تشير هذه الاتجاهات إلى أن المستثمرين على المدى الطويل يفضلون الاحتفاظ بعملاتهم بدلاً من البيع، مما يعزز التكهنات الإيجابية في السوق. مع استمرار ارتفاع سعر البيتكوين، قد تشير هذه التغييرات في الاستراتيجية بين المستثمرين إلى ثقة قوية في مستقبل العملة المشفرة، مما يجعل هذه الفترة مثيرة لكل من المستثمرين المخضرمين والجدد.

Bitcoin está experimentando un cambio notable en el comportamiento de sus tenedores, con el conteo de UTXO cayendo a su nivel más bajo desde abril de 2024. Esta tendencia indica que los inversores a largo plazo están optando por mantener sus monedas en lugar de vender, lo que está alimentando la especulación alcista en el mercado. A medida que el precio de Bitcoin sigue aumentando, este cambio en la estrategia entre los inversores podría señalar una fuerte confianza en el futuro de la criptomoneda, convirtiendo este en un momento emocionante tanto para inversores experimentados como para nuevos.

Bitcoin connaît un changement notable dans le comportement de ses détenteurs, avec le nombre de UTXO tombant à son plus bas niveau depuis avril 2024. Cette tendance indique que les investisseurs à long terme choisissent de conserver leurs pièces plutôt que de vendre, ce qui alimente la spéculation haussière sur le marché. Alors que le prix du Bitcoin continue d'augmenter, ce changement de stratégie parmi les investisseurs pourrait signaler une forte confiance dans l'avenir de la cryptomonnaie, rendant ce moment passionnant pour les investisseurs expérimentés et novices.

Bitcoin is experiencing a notable shift in holder behavior, with the UTXO count dropping to its lowest level since April 2024. This trend indicates that long-term investors are opting to hold onto their coins rather than sell, which is fueling bullish speculation in the market. As the price of Bitcoin continues to surge, this change in strategy among investors could signal a strong confidence in the cryptocurrency's future, making it an exciting time for both seasoned and new investors.

Bitcoin UTXO Falls To Lowest Level Since April 2024 — What This Means For Price

Lower adjusted net asset value multiple means Strategy can no longer issue equity at a premium, threatening its long-term plan to accumulate more bitcoin, analyst Brett Knoblauch wrote.

شهدت أسهم Strategy انخفاضًا كبيرًا، مما دفع Cantor إلى خفض هدفه السعري بسبب انخفاض مضاعف القيمة الصافية للأصول المعدلة. وأشار المحلل بريت كنوبلاخ إلى أن هذه الحالة تمنع Strategy من إصدار الأسهم بسعر أعلى، مما يهدد خططها طويلة الأجل لتجميع المزيد من البيتكوين.

Las acciones de Strategy han experimentado una fuerte caída, lo que llevó a Cantor a reducir su objetivo de precio debido a un múltiplo de valor neto de activos ajustado más bajo. El analista Brett Knoblauch destacó que esta situación impide que Strategy emita acciones a una prima, poniendo en peligro sus planes a largo plazo para acumular más bitcoin.

L'action de Strategy a connu une forte baisse, incitant Cantor à réduire son objectif de prix en raison d'un multiple de valeur nette d'actif ajustée plus bas. L'analyste Brett Knoblauch a souligné que cette situation empêche Strategy d'émettre des actions à un prix supérieur, mettant en péril ses plans à long terme d'accumulation de bitcoin.

Strategy's stock has experienced a significant decline, prompting Cantor to reduce its price target due to a lower adjusted net asset value multiple. Analyst Brett Knoblauch highlighted that this situation prevents Strategy from issuing equity at a premium, jeopardizing its long-term plans to accumulate more bitcoin.

Strategy Stock Still a Buy at Cantor After Plunge Forces Major Price Target Cut

The experience, which is designed to feel like Venmo or Cash App, allows users to earn yield on bitcoin (BTC) and stablecoins and borrow against their holdings.

تعاونت Blockdaemon وVerifiedX لإنشاء تجربة مالية لامركزية (DeFi) سهلة الاستخدام وذاتية الحفظ، تشبه تطبيقات الدفع الشهيرة مثل Venmo وCash App، مما يتيح للمستخدمين كسب عائد على البيتكوين (BTC) والعملات المستقرة مع إمكانية الاقتراض مقابل ممتلكاتهم.

Blockdaemon y VerifiedX han formado una alianza para crear una experiencia de finanzas descentralizadas (DeFi) fácil de usar y auto-custodiada, similar a aplicaciones de pago populares como Venmo y Cash App, que permite a los usuarios ganar rendimiento en bitcoin (BTC) y stablecoins mientras piden prestado contra sus tenencias.

Blockdaemon et VerifiedX ont formé un partenariat pour créer une expérience de finance décentralisée (DeFi) conviviale et auto-custodiale, similaire à des applications de paiement populaires comme Venmo et Cash App, permettant aux utilisateurs de gagner des rendements sur le bitcoin (BTC) et les stablecoins tout en empruntant contre leurs avoirs.

Blockdaemon and VerifiedX have partnered to create a user-friendly, self-custodial decentralized finance (DeFi) experience, akin to popular payment apps like Venmo and Cash App, enabling users to earn yield on bitcoin (BTC) and stablecoins while borrowing against their holdings.

Bitcoin UTXO Falls To Lowest Level Since April 2024 — What This Means For Price

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