Here is another topic to provoke discussion about Bitcoin amongst newer members ( mods - please don't move this thread, and allow beginners to discuss the topic ).

The UTXO pool is a database of all of the transactions that are currently unspent. I'm seeing some analysis of this, and there is an assumption that the coins are held by HODLers  if the entries are more than a year old. Of course this needs to exclude lost coins, and those of Satoshi. My feeling is that it is not really representative, as we have seen large blocks of coins moved by whales, and we don't know if those are genuine sales, or just movements to reduce the size of the UTXO pool.

So what do you guys think, should we ignore the UTXO when we are trying to work out how much Bitcoin is in circulation? Another consideration is the increase in Bitcoin use in Venezuela. It's use for daily transactions seems to have increased exponentially over the last few months, and many of those transactions will be peer to peer. Should we try to analyse those to assess a current market value for Bitcoin?