Analysis: Bitcoin long-term holders have remained profitable throughout this cycle, marking the first time since 2015.

BlockBeats news, October 4th, glassnode posted that BTC long-term holders (LTH) have consistently remained in profit during this cycle. Since 2015, no previous bear market has seen this situation.

In every past bear market, the long-term holder MVRV would fall below 1 at the cycle low, meaning this group as a whole fell into unrealized losses. In this cycle, LTH-MVRV has remained above 1 at its lowest and has now started to rise again.