Glassnode: Long-Term Bitcoin Holders Stay Profitable Through Entire Cycle for First Time
- —LTH-MVRV has not dropped below 1 this cycle
- —In prior bear markets since 2015 the metric fell below 1
- —The metric is now rebounding from its local low
Why it matters: No losses for long-term holders reduces capitulation risk and breaks the usual pattern of cycle bottoms.
Source: PANews
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