Bitcoin Long-Term Holders' MVRV Remains Above 1 in This Cycle

Bitcoin long-term holders have remained in profit throughout this cycle. Since 2015, there has never been a bear market where this situation occurred. In previous bear markets, the long-term holders' MVRV would drop below 1 at the cycle's low point, indicating that this group was overall in an unrealized loss. In this cycle, the long-term holders' MVRV has stayed above 1 at its lowest point and has now begun to rise again.

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