Bitcoin Net UTXO Supply Ratio Triggers Buy Signal, Bottom Confirmation Still Requires Observation

CryptoQuant analyst Axel Adler Jr. pointed out that Bitcoin's net UTXO supply ratio entered the buying zone for the first time since November 2022, and triggered a buy signal from late June to early July. To confirm a bottom, it is necessary to observe whether the ratio remains stable in positive territory while the price rises in tandem. The loss supply ratio indicator shows that the fast moving average broke above 50% at the end of June, while the slow moving average is around 40%. It will take about 7 to 8 weeks for the slow moving average to reach the 50% threshold.