$BTC NEARING LONG-TERM HOLDER BREAKEVEN LINE 🔥
Bitcoin long-term holder MVRV just dropped to 1.24 — that's a three-year low. The breakeven sits around $48,400 while we're trading at $59,000, meaning the average unrealized profit for LTHs has squeezed to just 24%.
Here's the key: despite the price action, these holders aren't selling. LTH holdings hit an all-time high of 16.1M BTC and spending output remains low. This isn't capitulation — it's market retracement. The real question is whether we reclaim momentum before that breakeven line becomes a magnet.
Do you see this as a healthy reset or a warning sign for lower levels?
Not financial advice. Always manage your risk.
#BTC #LongTermHolders #MVRV #Bitcoin
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Bitcoin long-term holder MVRV just dropped to 1.24 — that's a three-year low. The breakeven sits around $48,400 while we're trading at $59,000, meaning the average unrealized profit for LTHs has squeezed to just 24%.
Here's the key: despite the price action, these holders aren't selling. LTH holdings hit an all-time high of 16.1M BTC and spending output remains low. This isn't capitulation — it's market retracement. The real question is whether we reclaim momentum before that breakeven line becomes a magnet.
Do you see this as a healthy reset or a warning sign for lower levels?
Not financial advice. Always manage your risk.
#BTC #LongTermHolders #MVRV #Bitcoin
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