Sự tập trung UTXO của bitcoin tương tự như thời điểm sụp đổ của FTX, có thể là dấu hiệu của đợt giảm sâu cuối cùng của thị trường gấu

The Huoxing Finance report states that on August 1, according to crypto analyst Murphy, Bitcoin’s URPD (UTXO Realized Price Distribution) data shows that 890,000 BTC are highly concentrated at $63,000 and 710,000 BTC at $62,000, totaling approximately 8% of the circulating supply—significantly higher than typical levels. Murphy believes this concentration resembles the level observed before the FTX event in 2022; such high concentration increases Bitcoin’s price sensitivity and makes it prone to sharp volatility, potentially leading to violent redistribution and serving as a key indicator for directional choice near the end of a bear market. In response, Jiang Zhuo’er commented that if the CLARITY bill fails to pass before Congress adjourns, Bitcoin may complete its final drop to the bear market bottom.