Bitcoin’s market presence is currently being felt with its impressive price gains, even as there is a marked decline in Unspent Transaction Outputs (UTXO). The count of Bitcoin UTXOs has reached a 17-month low at 166.6 million, suggesting that $BTC holders are re-accumulating. According to the well-known crypto analyst CryptoOnchain, this significant trend coincides with Bitcoin’s substantial price increase. This scenario indicates an optimistic outlook due to the growing accumulation by large investors and the rising prices.
🚨 Bitcoin UTXO count falls to 166.6M – lowest since April 2024
While UTXOs decreased by 11%, BTC climbed from $99K → $122K 📈
Indicators suggest:
• Whale accumulation 🐳
• HODLers maintaining their positions 💎
• Market entering re-accumulation phase
Despite record-high prices, selling remains minimal. Bullish? #Bitcoin… pic.twitter.com/D05MhUo0w2— CryptoOnchain (@CryptoOnchain) October 4, 2025
Bitcoin’s UTXO Count Hits New Low as Whales Engage in Re-Accumulation
The reduction of Bitcoin’s UTXO count to 166.6 million marks its lowest point in over a year and signifies increased re-accumulation activity among major investors. This figure represents an approximate drop of 11% since April last year and reflects broader shifts within the market dynamics. Concurrently, Bitcoin’s price continues on an upward trajectory.
The current data reveals that despite increasing valuations, on-chain activity has diminished as indicated by the reduced number of UTXOs for Bitcoin. This trend suggests that major holders are accumulating rather than liquidating their assets during this period when prices have surpassed $122K.
Currently priced around $122,422.31 per coin—a rise of about 2.1% over just one day—Bitcoin maintains its position as a leading cryptocurrency with a market cap reaching approximately $2.44 trillion—a growth rate of about 2%. Additionally notable is its trading volume which surged by roughly25%, reaching$83 billion within24 hours.This decliningUTXOcount supports theories pointing towards another phaseofre-accumulation,ratherthan distribution,in themarket.
Dipping UTXO Numbers Alongside Price Increases Suggests Bullish Prospects for Further Growth
The insights from CryptoOnchain reveal that both the dip in UTCO numbers down to166millionandthe concurrentpriceincreasepointtoanewwaveof$BTCre-acquisition.Investorsentimentisrisingasconsolidationtakesprecedenceoverpanicselling,fueling speculationaboutanotherpotentialupwardmovementforBitcoonnear-termfuture.