According to data from analytics company Glassnode, the percentage of unspent transactions on the bitcoin blockchain that are in a "profitable state" has exceeded 97% and this is an extremely positive sign.
This means that less than 3% of all bitcoins were received when the price of the cryptocurrency was above its current value.
Historically a bullish signal
But this is not all that this figure says, historically, when the profit from UTXOs exceeds the average of 95% we see significant gains.
"Historically, when the percentage of UTXO in earnings exceeds the 95% limit, BTC sees significant gains in a short period of time, usually around 2-3 months, although sometimes shorter."
In 2017 alone, the price of bitcoin stayed above $ 10,000 for so long and led to a bull run in which the cryptocurrency reached $ 20,000.
If Bitcoin rises to $ 20,000, we can easily see that the local currency btc price will top $ 100,000, especially with the dollar's uptrend for the next few months and years.