On-chain analyst Axel Adler Jr. diagnosed that the Bitcoin (BTC) UTXO stress indicator has risen to 71.58, surpassing 70 again, indicating that the market has entered a high-stress zone. He explained through his blog, "A year ago, this indicator was at 41, a neutral zone, but currently, a significant portion of the supply is in a state of loss. Over the past month, stress gradually eased, but with weekly momentum turning to +3, it has started to rise again." He added, "If the indicator drops below 70 and momentum remains negative, stress would ease, but if BTC falls below its monthly low of approximately $61,500 and the indicator surpasses 90, the worsening of stress could accelerate."
