Bitcoin Net UTXO Ratio Enters Buy Zone for First Time in Two and a Half Years, Again Since November 2022

CryptoQuant monitors that the BTC Net UTXO Supply Ratio has entered the buy zone for the first time since November 2022. At the same time, more than half of the circulating BTC supply is in loss. These two data points occurred simultaneously last time in November after the FTX collapse, when BTC bottomed at $15,500.

The Net UTXO Ratio entering the buy zone, in plain English, means: long-term holders are absorbing selling pressure, and selling is drying up. More than half of the supply in loss is typically a characteristic of a bottom area. This was the case in November 2022, and also in March 2020.

But what does this have to do with your futures trading?

On-chain data gives direction, not entry points. It tells you that "the overall direction is bullish, with limited downside," not that you should go all-in with long positions right now.

The core of futures trading is position management and entry timing. This signal can serve as a background reference—after confirming the overall direction, the probability of winning by going long is higher. But specific entry points and stop-loss settings still depend on the intraday technical structure and liquidity conditions.

In other words, this signal tells you that "the bottom is not far off," but the entry position for futures requires specific price confirmation. Short positions should start being cautious at this level, and long positions should wait for a better entry point instead of chasing highs.$BTC #非农爆冷打压加息预期