🚨 Bitcoin’s long-term holders are behaving differently this cycle. Glassnode data shows LTH-MVRV never fell below 1 during the current cycle — meaning long-term holders, as a group, never went into an unrealized loss. In previous bear markets, LTH-MVRV dropped below 1 near cycle bottoms. This time? It held above 1 and is now rising again. Could this signal that the current market structure is fundamentally different from previous bear markets? 👀 #Bitcoin #BTC #Crypto #Glassnode
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