Bitcoin Profitable UTXO Share Rises to 53% Amid Supply Restructuring

BTC profitable UTXOs climbed to 53%, yet remain below yearly averages. Long-term holder supply dropped 134,800 BTC post-Coldcard hack, signaling supply restructuring rather than demand reversal.

Woofun AI data shows that the share of profitable Bitcoin UTXOs increased from 48% to 53% over the past month. This level remains significantly below the 365-day average, with nearly half of all UTXOs still operating at a loss. The shift reflects reduced holder pressure rather than confirmed new demand. Following the Coldcard hacking incident, long-term holder supply declined by 134,800 BTC, partly due to older coin migration. This movement indicates supply restructuring after a stress event, not distribution among long-term holders. Current metrics suggest market improvement is insufficient to confirm a trend reversal, necessitating further signals before establishing new positions.