Glassnode: In this cycle, BTC long-term holders have always been profitable, breaking the previous bear market patterns

According to Glassnode data, long-term holders of BTC have remained in profit throughout this cycle. This has never happened in previous bear markets since at least 2015.

In each previous bear market, the long-term holder MVRV (LTH-MVRV) indicator would drop below 1 at the bottom of the cycle, causing this group to fall into a loss. However, this time, the indicator bottomed out above 1 and is currently rising again.