BTC $84,447.73 -0.40%
ETH $2,667.20 -1.31%
BNB $765.86 -0.53%
XRP $1.47 -2.11%
SOL $118.11 -0.16%
TRX $0.3346 -0.28%
DOGE $0.0917 -3.26%
ADA $0.2404 -3.09%
BCH $305.12 -1.11%
LINK $13.63 -5.49%
HYPE $86.77 -1.04%
AAVE $181.06 +6.64%
SUI $1.12 -5.31%
XLM $0.2114 -4.08%
ZEC $1,289.35 -3.34%
AAPL $333.59 +0.88%
AMZN $251.26 +1.00%
GOOGL $343.38 +1.21%
MSFT $517.40 +0.64%
META $727.04 +0.13%
NVDA $234.17 +1.28%
TSLA $370.62 +4.49%
SNDK $1,718.27 -3.62%
INTC $119.35 -0.55%
SPCX $158.81 +6.80%
MU $1,074.42 -1.62%
AMD $633.41 +2.69%
BTC $84,447.73 -0.40%
ETH $2,667.20 -1.31%
BNB $765.86 -0.53%
XRP $1.47 -2.11%
SOL $118.11 -0.16%
TRX $0.3346 -0.28%
DOGE $0.0917 -3.26%
ADA $0.2404 -3.09%
BCH $305.12 -1.11%
LINK $13.63 -5.49%
HYPE $86.77 -1.04%
AAVE $181.06 +6.64%
SUI $1.12 -5.31%
XLM $0.2114 -4.08%
ZEC $1,289.35 -3.34%
AAPL $333.59 +0.88%
AMZN $251.26 +1.00%
GOOGL $343.38 +1.21%
MSFT $517.40 +0.64%
META $727.04 +0.13%
NVDA $234.17 +1.28%
TSLA $370.62 +4.49%
SNDK $1,718.27 -3.62%
INTC $119.35 -0.55%
SPCX $158.81 +6.80%
MU $1,074.42 -1.62%
AMD $633.41 +2.69%

holders

All
Article
Flash

Analysis: The MVRV of long-term Bitcoin holders has risen to 1.35, exiting the shallow pressure zone

CryptoQuant analyst Zizcrypto stated that the adjusted long-term holder (LTH) MVRV metric has recovered from a shallow pressure zone and is currently back in a profitable state. Data shows that the adjusted MVRV for the long-term holder group with a holding period of 6 months to 10 years continued to compress and remained above 1 in April this year. An MVRV of 1 represents the overall breakeven line for this group, with values above 1 indicating unrealized profits and below 1 indicating unrealized losses.Between June and August, this metric fell below 1 five times, reaching a low of approximately 0.94 on June 30, when the BTC price was around $58,500, while the group's realized price benchmark was about $62,000, which is about 6% below the breakeven line. However, Zizcrypto noted that the duration and magnitude of this pressure were limited, with the metric remaining close to 1 and not entering the deep loss phase for long-term holders seen in 2019 and during 2022-2023. As of September 27, the adjusted LTH MVRV has recovered to about 1.35, with the BTC price around $84,500, while the long-term holders' realized price is about $62,700, indicating that the spot price is approximately 35% higher than this cost basis. The long-term holder group with a holding period of 6 months to 10 years has emerged from a shallow pressure phase below 1 and re-entered an overall profitable state, resembling a recovery after a healthy adjustment rather than a deep or prolonged loss cycle.

first_img Bitcoin ETF holders return to profitability as the price approaches $87,000

Bitcoin exchange-traded fund (ETF) holders have returned to profitability. Bloomberg ETF analyst James Seyffart posted on the X platform on Monday, stating that the rise in the New York market on Monday morning brought the average investor's cost basis for the ETF (approximately $81,700) back into the profit zone for the first time since January of this year. Despite last week's setback of key cryptocurrency legislation, the Clarity Act, and the Federal Reserve's interest rate hike, Bitcoin still broke through $86,000, reaching a daily high of $86,800, and is currently reported at approximately $86,800, but still over 30% lower than the historical high of $126,000 set last year.In terms of capital flows, U.S. spot Bitcoin ETFs managed by institutions such as BlackRock, Fidelity, Grayscale, and Morgan Stanley recorded a net inflow of over $6 million last week, with investors pouring nearly $593 million on Thursday and Friday alone. According to Coinglass data, these ETFs currently manage a total of $98.8 billion in assets.In the background, Bitcoin began to rise in August after the U.S. Treasury announced it would at least double the scale of long-term bond repurchases, achieving the best weekly performance since 2023. Subsequently, the price reached a historical high in October, but fell back at the end of the month due to the largest liquidation in cryptocurrency history (over $19 billion in positions were liquidated). Despite the Federal Reserve's hawkish turn, investors continued to flock to the so-called "currency devaluation trade," driving the price rebound.
app_icon
ChainCatcher Building the Web3 world with innovations.