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Bitcoin’s Profitable UTXOs Drop Amid Rising Non-Zero Addresses

Published 29/07/2023, 11:17
© Reuters. Bitcoin’s Profitable UTXOs Drop Amid Rising Non-Zero Addresses

  • Bitcoin’s number of UTXOs in profit has reached a one-month low.

  • Bitcoin’s non-zero addresses recently reached an all-time high (ATH) of 47,777,267.

  • Both UTXO and Non-Zero addresses are crucial in understanding Bitcoin’s on-chain activities.

Glassnodealerts, the definitive on-chain Twitter alerts account by Glassnode, recently tweeted that Bitcoin’s number of Unspent Transactions (UTXOs) in profit has reached a one-month low. The metric’s value at the time of Glassnodealert’s tweet was 129,682,989.738.

Shortly before the alerting about Bitcoin’s UTXO, Glassnode also alerted the Bitcoin community about the increasing number of non-zero addresses. According to the alert, Bitcoin’s non-zero addresses recently reached an all-time high (ATH) of 47,777,267. That figure marks a steady rise in the metric, which is observed to be on the increase. The previous ATH was recorded 24 hours before as 47,773,890.

Both metrics revealed by Glassnode…

The post Bitcoin’s Profitable UTXOs Drop Amid Rising Non-Zero Addresses appeared first on Coin Edition.

The post Bitcoin’s Profitable UTXOs Drop Amid Rising Non-Zero Addresses appeared first on Coin Edition.

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