Bitcoin 365-day MVRV signals long-term opportunity at -22%
Santiment: 365d MVRV at -22.1%, 30d at +7.1%
Long-term Bitcoin holders sit in losses. Santiment reports 365d MVRV near -22.1% and 30d MVRV around +7.1% in its latest on-chain readout (source).
Short-term wallets show profits. Santiment’s chart put 30-day returns at +7.1% when posted (source).
One-year holders remain underwater. The 365-day MVRV sits near -22.1%. Santiment labels this range an “opportunity” zone in its framework (chart, definition).
MVRV compares network value and cost basis. It is market cap divided by realized cap (MVRV Ratio). Realized cap sums each coin’s last on-chain moved price (realized cap explained). Above 1 implies unrealized profit. Below 1 implies unrealized loss.
Price pulled back in the last day to about $71,100 per coin, per the chart below.
