๐ Bitcoin UTXO analysis signals the start of a broader capitulation phase, as the ratio of #
UTXOs# spent at a loss has dropped to its lowest levels โ corresponding to bear market phases โ analyst
@Darkfost_Coc points out.
This is the first time this signal has triggered since the start of the correction in October 2025. The analyst notes that these periods "have always been profitable for long-term investors," as they correspond to the moment when the majority gives up and loses interest.
Meanwhile, analyst
@lukasz_wydra highlights that the bullish RSI divergence on the #
Bitcoin# chart has now been confirmed โ with the decline stalling exactly inside a key support zone while the expected panic failed to materialize.