Bitcoin stress may worsen if BTC falls below $61.5K, analyst says

Bitcoin has re-entered a high-stress zone as its BTC UTXO stress indicator rose back above 70 to 71.58, on-chain analyst Axel Adler Jr. said on his blog. Adler said the indicator was around 41 a year earlier, a neutral range, while a significant share of supply is now sitting at a loss. Stress had gradually eased over the past month, Adler said, but weekly momentum has turned positive at +3, signaling stress is starting to build again. Adler added that stress would ease if the indicator falls back below 70 and momentum stays negative. If BTC drops below its monthly low of around $61,500 and the indicator climbs above 90, deterioration in market stress could accelerate.