Bitcoin Structure Has Changed: UTXO Data Challenges Traditional Cycle Narratives
Bitcoin is trading above the $71,000 level as the market navigates heightened volatility, reflecting a phase of uncertainty following recent price swings. While short-term momentum remains unstable, underlying on-chain data suggests that the current market structure may differ significantly from previous cycles. Related Reading: Bitmine Locks 68% of Ethereum Holdings As Staking Position Surpasses $6. 75B According to a CryptoQuant report, UTXO Age Bands data for 2025–2026 presents a pattern that contrasts sharply with historical bear markets
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