Something interesting is happening under the surface of $BTC .
Long-term holders briefly slipped underwater, but the stress stayed shallow. Now MVRV is back at ~1.35 and the cohort is firmly back in profit.
To me, this looks more like a healthy reset than the start of a deeper breakdown.
$BTC
Long-term holders briefly slipped underwater, but the stress stayed shallow. Now MVRV is back at ~1.35 and the cohort is firmly back in profit.
To me, this looks more like a healthy reset than the start of a deeper breakdown.
$BTC