Cryptocurrency

As Bitcoin rallies after FTX collapse, 25% of supply is held between $15.5k and $23k

meaning

The UTXO Realized Price Distribution (URPD) shows the price at which the current set of Bitcoin UTXOs was created. In other words, each bar shows the number of existing Bitcoins that have moved to the end within the specified price bucket.

quick take

  • From $686 to $15,000, up to 20% of the total Bitcoin supply is highly profitable.
  • The next band sees 25% of total Bitcoin supply between $15,500 and $23,000
  • Less than 1% of total supply is between $24,000 and $26,000.
  • Most of the Bitcoin supply is at a loss
URPD: (Source: Glassnode)

25% of supply held between $15.5k and $23k as Bitcoin rises after post FTX collapse. First appeared on CryptoSlate.

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