There is no better time to accumulate an asset than when it its price is on the floor. Bitcoin has certainly been in that position for the past four months as it has failed to break major resistance at $4,000 and lulled around this price level.<\/p>\n
That is not to say that there has been no interest in the digital asset, in fact quite the opposite as one metric has surpassed its all-time high from January 2018 and has stepped up in 2019.<\/p>\n
UTXOs are unspent transaction outputs<\/a>. For the Bitcoin blockchain it is an output that has yet to be spent as a new input transaction. UTXOs are processed continuously and are responsible for beginning and ending each transaction. A transaction confirmation results in the removal of spent coins from the UTXO.<\/p>\n During the crypto peak at the end of 2017 and early 2018 UTXO levels<\/a> reached 67 million before falling sharply as the great selloff accelerated. Around August last year the trend reversed and they started to increase again, the curve steepening as this year began. Levels of unspent transaction outputs have just surpassed their previous ATH and are a definitive sign that Bitcoin accumulation is real.<\/p>\n UTXOs have now surpassed all time highs and stepped up in 2019; the accumulation is real. pic.twitter.com\/1o98KbLieU<\/a><\/p>\n — filbfilb (@filbfilb) March 28, 2019<\/a><\/p><\/blockquote>\n\n