$BTC long-term holders never went underwater this cycle.
Let that sink in.
Every bear since 2015 dumped LTH-MVRV below 1.0 at the bottom. Every single one.
This cycle? Bottomed above 1.0. Now climbing again.
This isn't your average accumulation phase. The floor is structurally higher. Supply shock brewing.
Let that sink in.
Every bear since 2015 dumped LTH-MVRV below 1.0 at the bottom. Every single one.
This cycle? Bottomed above 1.0. Now climbing again.
This isn't your average accumulation phase. The floor is structurally higher. Supply shock brewing.