Bitcoin UTXO falls to a new low

ChainCatcher news reports that the number of Bitcoin UTXOs (Unspent Transaction Outputs) has recently dropped to about 166 million, reaching its lowest level since April 2024.

Analyst CryptoOnchain points out that the decline in UTXO numbers forms a "reverse relationship" with the rise in BTC prices, which is a classic signal of "market maturity," indicating that long-term holders are actively "accumulating coins," thereby reducing selling pressure. This trend suggests that Bitcoin is currently in a strategic "re-accumulation phase."