Bitcoin UTXO Signal Points to Bear Market Bottom

Analysis of Bitcoin unspent transaction outputs (UTXOs) shows that investors are capitulating, a pattern that has historically coincided with bear market bottoms. The ratio of the number of UTXOs spent in profit versus at a loss has fallen to its lowest level this bear market cycle, said CryptoQuant analyst known as Darkfost on Saturday. This is the first time this signal has triggered since the start of the correction, “demonstrating that the number of UTXOs spent at…

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Fidelity Defends Bitcoin’s Long-Term Security Model

Fidelity Digital Assets has pushed back against concerns that Bitcoin’s long-term security will deteriorate as mining rewards decline, arguing in a new research report that the network’s economic incentives remain sufficient to secure the blockchain over time.The report, authored by Fidelity research analyst Daniel Gray, reiterated the view that Bitcoin’s…