PANews, August 1: Analyst Murphy tweeted that Bitcoin’s URPD (UTXO Realized Price Distribution) data shows a concentration of 890,000 BTC at $63,000 and approximately 710,000 BTC at $62,000, totaling around 8% of Bitcoin’s circulating supply—significantly higher than typical levels. This concentration level resembles that seen just before the FTX event in 2022. High concentration increases Bitcoin’s price sensitivity, making it more prone to sharp volatility and potentially signaling a key directional move, often occurring in the later stages of a bear market.
Bitcoin's UTXO concentration resembles levels seen prior to the FTX collapse
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Summary
Today’s Bitcoin price shows the UTXO realized price distribution (URPD), with 890,000 BTC at $63,000 and 710,000 BTC at $62,000, accounting for 8% of the circulating supply. This concentration mirrors levels observed prior to the 2022 FTX collapse. Analysts warn that such clustering may increase Bitcoin’s volatility and prompt a reallocation of holdings. Traders are also monitoring altcoins for signs of movement as the bear market enters its later stages.
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