Bitcoin UTXOs echoing March 2020 ‘black swan’ crash — New research By Cointelegraph

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(BTC) is recovering from a “black swan” event last rivaled by the March 2020 COVID-19 crash, data suggests.

In one of its Quicktake posts on Sep. 7, on-chain analytics platform CryptoQuant revealed a major spike in loss-making unspent transaction outputs (UTXOs).

Bitcoin UTXOs in loss chart. Source: CryptoQuant
Bitcoin Realized Price chart (screenshot). Source: CryptoQuant