Glassnode: Bitcoin LTH-MVRV stays above 1 at cycle low for first time since 2015
- —LTH-MVRV bottomed above 1 at the cycle low, a first since at least 2015
- —BTC fell 54% from its $126K peak to $58,379 on June 30
- —Coins aged 1–2 years have an average cost basis of about $97,259
- —Coins aged 6–12 months have an average cost basis of about $88,852
Why it matters: Long-term holders staying in profit limits bottom-selling pressure, though coins bought near the peak remain underwater and could be sold into a recovery.
Source: Digital Today
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