Glassnode: In this cycle,BTC long-term holders have remained profitable throughout,LTH-MVRV bottoming above 1 and rising again
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AT A GLANCE
According to PANews’ account, Glassnode said that in this cycle,BTC long-term holders have remained profitable throughout,LTH-MVRV bottoming and then rising again.
Article
Glassnode: In this cycle,BTC long-term holders have remained profitable throughout, breaking the pattern of previous bear markets
PANews October 4 reported that, according to Glassnode data, during this cycle,BTC long-term holders have remained profitable throughout. At least since 2015 years ago, this has never occurred in any previous bear market. In every previous bear market, long-term holders’MVRV（LTH-MVRV) indicator would fall below 1, causing this group to become unprofitable at the cycle bottom. This time, the indicator bottomed above 1 and is now rising again.
PANews said that, according to Glassnode data, during this cycle,BTC long-term holders have remained profitable throughout.
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The article said that, at least since 2015 years ago, this has never occurred in any previous bear market.
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The article said that at the cycle bottom of every previous bear market, long-term holders’MVRV indicator would fall below 1, causing this group to become unprofitable.
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During this cycle, the indicator bottomed above 1 and is now rising again.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
LTH-MVRV is the indicator used in the article to determine whether BTC long-term holders as a whole are profitable or unprofitable. According to the article, below 1 means that this group becomes unprofitable; when the indicator bottomed in this cycle, it remained above 1, and therefore differed from previous bear markets as described in the article.
Why it matters to readers
This change shows that during this cycle,BTC the profitability status of long-term holders differs from the historical bear-market pattern described in the article, and may serve as a clue for observing market cycles and the status of long-term holders.
Beginners can understand it this way: according to this indicator, long-term holders of BTC as a whole have not yet become unprofitable. However, a single indicator cannot confirm whether BTC price will rise or fall next.
Risks and unknowns
The evidence does not include Glassnode’s original chart, specific values, calculation methodology, or data range, so it cannot be independently verified.
The evidence does not specify the precise definitions of “this cycle” and “long-term holders.”
The evidence does not explain whether LTH-MVRV the recovery will affect BTC future price action.
The headline describes the phenomenon as “breaking the pattern of previous bear markets,” but it cannot be confirmed whether this cycle is a bear market or whether the comparison conditions are consistent.
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BTC
The abbreviation commonly used for Bitcoin when referring to it as a digital currency.
