Bitcoin Long-Term Holder MVRV Recovers to 1.35, Exiting Shallow Stress Zone
CryptoQuant analyst Zizcrypto reported that the adjusted MVRV ratio for long-term holders (LTH) has recovered from a shallow stress zone and returned to profitability. The metric, which tracks the 6-month to 10-year cohort, briefly dipped below 1 during the summer, reaching a low of approximately 0.94 on June 30th. As of September 27th, the ratio has risen to 1.35, with the current Bitcoin price of approximately $84,500 significantly exceeding the LTH realized price of $62,700, indicating a healthy recovery rather than a deep loss cycle.
Summaries are written by AI from the original article. Not investment advice.