Deep Tide TechFlow messages. On October 04, on the X platform, Glassnode stated that bitcoin long-term holders (LTH) have consistently remained profitable throughout this cycle. This is a situation that has never occurred in past bear market cycles since 2015. In every previous bear market cycle, the long-term holder MVRV (LTH-MVRV) indicator had fallen below 1, indicating that this group’s overall cost basis was higher than the market price and that they had entered a losing state. In this cycle, however, the indicator has stayed above 1 at its lowest point and is currently rising again.