Profit buffers for long-term Bitcoin holders narrowed as 30-day distribution decreased by 22%.

CryptoQuant analyst Axel Adler Jr. pointed out that from October 22 to October 29, the MVRV (Mean Value Regulator) for long-term Bitcoin holders fell from 1.67 to 1.65, narrowing the profit buffer by 2 percentage points. During the same period, the 30-day distribution of Bitcoin to long-term holders decreased from 310,000 BTC to 240,000 BTC, a drop of 22%.