📊 #BTC The Realized Cap - UTXO Age Bands chart displays the distribution of Bitcoin’s realized capitalization across various age bands. Key insights:

▪️ Market Peaks: A rise in short-term UTXOs (1d ~ 1w, orange) often signals market tops as short-term holders cash out at high prices.
▪️ Accumulation Phase: An increase in long-term UTXOs (1m ~ 3m, purple) indicates accumulation, where investors hold their coins, anticipating future gains.
▪️ Current Cycle: We see signs of accumulation, but short-term activity also rises.