Unrealized profits of LTH continue to decline and are now approaching levels last seen during the October 2024 correction.
The average unrealized profit, based on the MVRV ratio, currently stands at around 220%.
That may seem high for BTC, but when compared to previous market tops, March 2024 and December 2024, average unrealized profits among LTH were around 300% and 350%, respectively.
Worth noting that the realized price for long-term holders now stands at $39 000.
Although these profits may seem substantial, we’re still far from the levels observed during the tops of this cycle.
To return to those profit levels, BTC would need to reach $140,000.
A price level that many are calling for.
Written by Darkfost
