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BTC: LTH Profit Compression Remains Above Stress Levels
The adjusted long-term holder MVRV (6M–10Y) indicates that long-term holders remain in profit, despite ongoing compression. This metric reflects the degree of unrealized profit among long-term holders, serving as a key gauge of whether this cohort has entered stress conditions. In prior cycles, bottoming phases were accompanied by deeper compression, pushing this metric well below 1.0, typically into the 0.7–0.85 range. Currently, MVRV is declining but remains above historical stress levels. Source: CryptoQuant