Bitcoin holder sentiment split as UTXO data reveals both substantial profits and losses

Bitcoin holder sentiment split as UTXO data reveals both substantial profits and losses

Quick Take
The most recent UTXO Realized Price Distribution (URPD) data provides a clear indication of the price points at which the existing Bitcoin UTXOs were created.
The current set of Bitcoin UTXOs, created at varying price points, is effectively demonstrated with each bar representing the quantity of bitcoins last transacted within a specified price bucket.
Following the SVB incident in March, Bitcoin has remained within a trading range of $25,000 to $30,000. This trend is distinctly mirrored by the URPD metric, which reveals that approximately 21.6% of the Bitcoin supply is held within this price range, denoted by an amber color indicative of neither profit nor loss substantiation.
Bitcoin price: (Source: Glassnode)
On the brighter side, approximately 35% of the supply, depicted in green, is sitting on meaningful profits. However, this implies a significant portion, just under half the supply, is enduring substantial losses from prices above $30,000.
URPD: (Source: Glassnode)
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