Is Bitcoin near a market top? Analysis of BTC’s UTXOs reveal… – BitRss

• BTC ($101,839.42) has declined by 2.59% over the past week.
• Bitcoin’s younger UTXOs rise suggested a potential top.

Since starting a U.S. market-led bull run on the 5th of November 2024, Bitcoin [BTC] has experienced strong upward momentum. Over this period, BTC has reached multiple all-time highs (ATHs) with minor corrections along the way.

With the bull market extending to nearly three months, analysts have shared concerns over a potential top.

CryptoQuant analysts suggest that Bitcoin is at risk of a local top, citing increased speculation as younger age bands dominate.

Is Bitcoin’s top near?

According to CryptoQuant, Bitcoin’s previous cycle peaks have experienced patterns of younger UTXOs (1d-3m) dominating at the tops.