BITCOIN’S LONG-TERM HOLDERS ARE SHOWING RARE STRENGTH

Bitcoin’s long-term holders have stayed profitable throughout this cycle, unlike prior bear markets.

The chart shows LTH-MVRV never falling below 1, meaning this cohort did not move underwater at the cycle low.

That matters because staying above the cost-basis line points to stronger conviction among long-term investors.

Now, LTH-MVRV is climbing again, creating a more constructive setup for $BTC and the wider crypto market.

Still, conditions can shift fast, so this remains a signal, not a guarantee.

Could Bitcoin’s resilience be setting up the next big move?