Bitcoin long-term holders exit shallow stress, return to profit
- —Long-term holders' MVRV never hit the capitulation zones seen at prior cycle tops
- —The cohort's realized price sits near $48K–$50K versus spot around $84K
- —Long-term holders shed roughly 260K BTC in August 2026
- —Realized profit for the cohort is 72–78%, down from about 350% in December 2024
Why it matters: The absence of deep MVRV compression signals a mid-cycle reset rather than a transition into a bear market.
Source: Crypto Briefing