UTXO analysis
UTXO analysis 1. UTXO age bands (%) shows that <6m holders: reflects the market sentiment . For example, in Jan 2021 the beginning of Bull market, 1m-3m tended to be active around 15% and then became the victims of the market. In this period, its number dropped significantly, down to around 4%. 6m-1y holders: unrealiable actions. 1y-2y holders: may have right actions . Before Jan 2021, they only buy when the bull signal is clear. Interestingly, the victims in the bull market in 2021 becomes dimond-hands and tends to have "early-active" in this period. Notice that, in this period, 5y-7y have the same actions. >2y holders: slow actions. 2. Realized price UTXO age bands (%)