$BTC LONG-TERM HOLDINGS AT ATH, MVRV AT 3-YEAR LOW 🔥
Long-term holders just pushed their Bitcoin stash to a record 16.1 million BTC, and they're still not selling. The MVRV ratio dropped to 1.24 — the lowest in three years — meaning the average holder's cost basis is $48,400 with only 24% profit.
When this metric approaches 1.0 in past cycles, it has often marked a bottom. Right now, we're close but not yet in full surrender territory. The low selling indicator tells me these holders are absorbing supply, not dumping it.
Are you loading up here or waiting for MVRV to hit 1.0 first?
Not financial advice. Always manage your risk.
#BTC #Accumulation #MVRV #LongTerm #Bitcoin
🔥
Long-term holders just pushed their Bitcoin stash to a record 16.1 million BTC, and they're still not selling. The MVRV ratio dropped to 1.24 — the lowest in three years — meaning the average holder's cost basis is $48,400 with only 24% profit.
When this metric approaches 1.0 in past cycles, it has often marked a bottom. Right now, we're close but not yet in full surrender territory. The low selling indicator tells me these holders are absorbing supply, not dumping it.
Are you loading up here or waiting for MVRV to hit 1.0 first?
Not financial advice. Always manage your risk.
#BTC #Accumulation #MVRV #LongTerm #Bitcoin
🔥