The crypto market’s focus has shifted from price movements to on-chain dynamics, particularly the behavior of new and long-term holders. In a post titled “UTXO Age Band Analysis: Sluggish Inflow of New Investors May Limit Bitcoin’s Upside,” on-chain analyst Avocado Onchain, on CryptoQuant’s QuickTake platform, analysed Unspent Transaction Output (UTXO) data to assess investor trends at this cycle stage.

His findings show that although older coins are being sold, the inflow of new investors remains low. This factor has historically limited momentum during previous cycles. The UTXO age distribution reveals that a significant portion of the BTC supply is held by those who have kept their assets for more than six months. This suggests that many market participants are still in the mid- to long-term holding category.

However, despite Bitcoin reaching new highs, the percentage of UTXOs held by investors with a holding period of less than one month remains well below the historical threshold seen near previous market tops. Avocado Onchain warns that without a notable increase in participation from new investors, the market may struggle to maintain upward momentum.

Large-scale accumulation continues in the background, despite lack of retail inflows. CryptoQuant recently highlighted that Bitcoin addresses holding between 1,000 and 10,000 BTC, excluding exchanges and miners, have been steadily increasing. These entities are often associated with institutional investors or long-term strategic holders, and their accumulation is often interpreted as signaling confidence in BTC’s long-term prospects.

While retail remains largely inactive, institutional behavior may serve as a basis for price support. The current dynamics reflect a market in a transitional phase, with potential for upside if broader participation begins to increase.

The post Bitcoin’s Momentum Slows Down: Take a Look at the Chart that Tells the Story appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The primary features of this upgrade are UTXO Bundling and the OP_CAT opcode. UTXO Bundling enhances onchain throughput by compressing transactional data, while the OP_CAT opcode brings Bitcoin programmability to the forefront. The Bitcoin community has warmly welcomed this launch, with many long-time miners and users expressing that it addresses long-standing issues of Bitcoin.

An established Bitcoin miner, with nearly a decade’s experience, shared, “I’ve been tracking this technological advancement since last year. I never thought it would materialize this quickly. Seeing a live soft fork is like witnessing the dawn of a new Bitcoin era.”

To utilize Thunderbolt, users require a Boosting Code, an exclusive invitation extended through qualified partners and communities. These Boosting Codes grant users early access and the opportunity to earn rare Bitcoin rewards. Nubit, a key contributor to the project, is facilitating early access via its community channels, where users can apply for Boosting Codes. The inaugural round has been fully claimed, and upcoming rounds are set to be even more competitive.

Thunderbolt is swiftly becoming the de facto Bitcoin standard, thanks to the collective endeavors of miners, Bitcoin core developers, and early adopters who envision a bright future for Bitcoin. Transactions are instant, and the network operates seamlessly on Bitcoin Core. This upgrade transforms Bitcoin into a faster, user-friendly, and practical option for real-world applications.

The Thunderbolt upgrade has also piqued the interest of institutions. One success story comes from a mining pool, primarily serving retailers, which experienced a significant increase in its hashrate from 800 TH/s to 16.97 EH/s after implementing Bitcoin Thunderbolt. This leap positioned it among the top ten global pools. As the adoption rate increases, Bitcoin Thunderbolt is defining a new technical benchmark for Bitcoin usage, development, and scalability.

The post Unleashing the Power of Bitcoin: Satoshi-Era Whales Launch UTXO Bundling and OP_CAT in Thunderbolt Upgrade appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.