Bitcoin UTXO stress score rises to 71.5, returning to a high-pressure zone

CryptoQuant analyst Axel Adler Jr. said Bitcoin’s UTXO Stress Score has climbed back to 71.5, moving above the 70 threshold again and signaling that most supply remains underwater. In his reading, that keeps the market in a high-stress state rather than a recovery phase. Adler compared the current setup with conditions a year earlier, when Bitcoin was trading at $114,000 and the same indicator was near 41, a level he described as neutral. He also noted that for nearly two-thirds of the past year, the metric has stayed in either a high-stress or extreme-stress zone. The indicator previously hit 100 during the market crash in November 2025. At present, weekly momentum stands at +3, which he said points to a mild pickup in stress after about a month of easing. Over the past month, the score has mostly traded between 65 and 76, without a sharp deterioration or a meaningful recovery. According to Adler, a sustained move back below 70, combined with negative momentum, would confirm that pressure is easing. If Bitcoin breaks below the monthly low of roughly $61,500 instead, the score could worsen quickly toward the 90-plus range and revisit the extreme conditions seen last November.