Great observation! That UTXO ratio (new inputs vs. outputs) is indeed a sharp indicator—it’s like the blockchain’s version of a stress test. When inputs outpace outputs, it often means miners are prioritizing high-fee transactions, which can squeeze out smaller ones and even hint at a coming price move (whether from demand or profit-taking).
I’ve been eyeing that metric lately, especially as mempool bloat grows. It’s fascinating how these on-chain signals can preview market sentiment before it