Bitcoin Recovers: True MVRV Turning Positive Amidst Accumulating Long-Term Holders

Recent positive developments in Bitcoin’s on-chain data indicate a recovery phase. True Market Value to Realized Value (MVRV) has turned positive, signifying that most coins bought within the past year are currently held at profit. This shift is fueling confidence and driving accumulation from long-term holders. 254,000 BTC have aged beyond 155 days since the recent market low, suggesting a strong belief in Bitcoin’s future.