Analyst: Bitcoin indicators show that most holders are now in profit without needing to incur losses by selling

BlockBeats news, May 2, CryptoQuant analyst Axel stated on social media that the annualized real MVRV (Market Value/Realized Value ratio) of BTC has returned to the positive territory, indicating that the average cost price of all tokens purchased in the past year is now below the current market price. Panic selling pressure is diminishing—most holders are now in profit and have no need to incur losses by selling. The confidence of holders is continuously increasing. This 'critical point transition' coincides with the market recovery phase, marking the beginning of a more sustainable price growth cycle. This trend will continue until the speculative premium accumulates to a sufficiently high level, prompting holders to take profits.