Zizcrypto: Bitcoin long-term holder MVRV rebounds to 1.35, entering a profitable state

CryptoQuant analyst Zizcrypto stated that the MVRV indicator for long-term Bitcoin holders has rebounded to 1.35, and this group has emerged from the shallow pressure range and returned to profitability. During the period of June to August, the indicator fell below 1.0 five times and hit a low of 0.94 on June 30th. At that time, the BTC price was about $58500, and long-term holders realized a price of about $62000. As of September 27th, the price of BTC is approximately $84500, with long-term holders realizing a price of approximately $62700. The spot price is about 35% higher than the cost basis.