Bitcoin: LTH-MVRV Holds Above 1 This Cycle

Bitcoin native long-term holders remained in profit throughout this cycle as the LTH-MVRV ratio bottomed above 1 and now climbs, a departure from every bear market since 2015 when the metric dropped below 1 and left the cohort underwater. BTC price action at $85165 shows a bullish trend with price holding above the EMA50 at $84272 and EMA200 at $80995, while the MACD death cross at 228.9 signals short-term caution inside the Bollinger Bands between $83485 support and $86192 resistance; with RSI at 57.06 neutral, a measured pullback toward the 50-EMA appears likely before continuation. This resilience in Bitcoin long-term holder profitability reshapes cycle dynamics compared with past drawdowns.