During this cycle, the MVRV of long-term Bitcoin holders has never fallen below 1

Odaily Planet Daily News Long-term Bitcoin holders have always been profitable in this cycle. This has not happened in any previous bear market since 2015; in each past bear market, the MVRV of long-term holders fell below 1 at the cycle low, meaning that the group as a whole fell into floating losses.

In this cycle, the MVRV of long-term holders has remained at a minimum above 1 and has now started to rise again.