The last signal Bitcoin was missing is almost here.
The MVRV momentum of long-term holders is about to turn positive, with the ratio crossing back above its own 365-day average.
This has only happened four times after a bear market: in 2012, 2016, 2019, and 2023.
All four marked the start of bull runs.
LTHs are always the last to emerge from relative losses, because they’re the ones who held through the entire bear market.
Are there still bears among us?
The MVRV momentum of long-term holders is about to turn positive, with the ratio crossing back above its own 365-day average.
This has only happened four times after a bear market: in 2012, 2016, 2019, and 2023.
All four marked the start of bull runs.
LTHs are always the last to emerge from relative losses, because they’re the ones who held through the entire bear market.
Are there still bears among us?