BTC long-term holders maintain positions, indicating ongoing bull market

Analysis indicates the current bull market may continue as Bitcoin's long-term holders have not started taking profits. On-chain analyst CryptoZeno highlighted that the adjusted Market Value to Realized Value (MVRV) ratio for entities holding BTC for six months to 10 years is significantly lower than during the bull market peaks of 2017 and 2021. The metric is closer to historical accumulation zones. CryptoZeno noted that in major downturns since 2015, the indicator dropped to similar levels, followed by consistent buying from long-term investors that absorbed market supply. Additionally, the realized price for long-term BTC holders is rising, suggesting the recent price correction resembles a revaluation of value.

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