Data: The Bitcoin UTXO loss ratio has risen to extreme levels, on-chain data shows increasing market pressure

According to on-chain analyst Darkfost (@Darkfost_Coc), the current proportion of loss UTXOs in the Bitcoin market continues to expand, with the loss/profit UTXO ratio rising to an extreme range, a level that has historically only appeared during deep pressure periods of bear markets.

Darkfost pointed out that this indicator measures market sentiment by calculating the ratio of profit and loss UTXOs, unaffected by the absolute value distortion of BTC prices, and has strong historical consistency. The current reading shows significant pressure from holding losses, which has certain accumulation value from a long-term perspective; however, caution is needed when market sentiment shifts, as the rapid increase in the number of profit UTXOs could sharply drive up the ratio, which may signal a potential local top.