Bitcoin Enters Euphoric Phase: What It Means for the Market

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Bitcoin Enters Euphoric Phase: What It Means for the Market Bitcoin has entered a euphoric phase, with 99.3% of its unspent transaction outputs (UTXOs) currently in profit, according to Ki Young Ju, CEO of CryptoQuant.

This phase, marked by rising prices and widespread optimism, could last anywhere from three to twelve months.

Should investors short Bitcoin during this phase?

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News Bitcoin Euphoric Phase

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 15:02:14 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 277 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23700445

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 25 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

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Publisher ID: #121

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