TREE NEWS reports: Bitcoin long-term holders’ 30-day distribution fell 22% to 240,000 BTC from 310,000 BTC between Oct. 22 and Oct. 29, CryptoQuant analyst Axel Adler Jr. said. The LTH MVRV ratio slipped to 1.65 from 1.67, leaving the market price 65% above the group’s average cost basis of $48,000, with BTC trading near $80,000. The profit buffer narrowed by 2 percentage points during the week.
Bitcoin LTH 30-day distribution drops 22% as MVRV slips to 1.65
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AI take
The key signal here is the direction of travel in long-term holder behaviour: a 22% weekly drop in distribution suggests conviction is softening even as the group's aggregate profit buffer remains substantial at 65% above cost basis. The MVRV slip is modest, but its timing alongside the distribution decline hints that some holders are de-risking into strength rather than capitulating. Whether that distribution pace keeps accelerating without a deeper MVRV compression is the open question worth tracking.
Generated by AI for reference only.
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