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[During this cycle, Bitcoin long-term holders' MVRV has never fallen below 1] Odaily Planet Daily News: Bitcoin long-term holders have remained in a profitable state throughout this cycle. Since 2015, this situation has never occurred in any previous bear market; in every past bear market, long-term holders' MVRV would fall below 1 at the cycle's low point, indicating that this group was collectively in an unrealized loss. During this cycle, long-term holders' MVRV has stayed above 1 at its lowest point and has now started to rise again.