727 FinancePANews reported on October 4 that according to glassnode data, in this cycle, long-term BTC holders have always been profitable. This has never been the case in any bear market since at least 2015. In every previous bear market, the Long Term Holder MVRV (LTH-MVRV) indicator has fallen below 1 at the bottom of the cycle, sending the group into the red. This time, the indicator bottomed at levels above 1 and is now recovering again.
glassnode: Long-term BTC holders have always made profits in this cycle, breaking the previous bear market rules
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