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According to CryptoQuant, 99% of UTXOs are currently in profit, a sign of potential euphoria in the market. UTXO (Unspent Transaction Output) is a technical mechanism that ensures each BTC is spent only once and helps to measure the unrealized profit of unused BTC. The 99% unrealized profit threshold is often associated with a period of market excitement, a very positive signal but also requires caution. However, it is currently unclear whether the market has entered a euphoric phase due to the complex macroeconomic context and unclear policies from the Trump administration, causing investors to remain cautious. If this ratio falls, unrealized profits shrink, which can trigger strong profit-taking and push investors into a sell-off at a loss.
Update Swan Chain project + + Link to join 👉 https://mission.swanchain.io/?invite=Xd1cvi9Wdv7j => Daily combo Swan Chain on Aug 14
BIGGG Monad vibes coming from a few communities I've joined recently. One of them is SHOGUN. I wanted to share this with you all as I think this will be one of the communities that gets a good chunk of the Monad Airdrop. Check it out by completing this Galxe Quest
Update Swan Chain project + + Link to join 👉 https://mission.swanchain.io/?invite=Xd1cvi9Wdv7j => Daily combo Swan Chain on Aug 20