<ul><li>Bitcoin's price surged 50% from April lows to hit an all-time high of around $112,000 on May 23, driven by renewed market momentum.</li><li>CryptoQuant's analysis reveals that 99% of Bitcoin's Unspent Transaction Outputs (UTXOs) are currently in profit, historically signaling market euphoria and potential turning points.</li><li>Despite high UTXO profitability, macroeconomic uncertainty and cautious investor sentiment due to the potential policy direction of the Trump administration suggest true euphoria may not have arrived yet.</li><li>Short-term buyer fatigue is observed as Glassnode reports a decline in 14-day RSI, net spot demand, and a cooling momentum alongside growing speculative activity in derivatives markets.</li></ul>

Bitcoin (BTC) Nears Euphoria Zone With 99% UTXOs in Profit

Discover more