Analyst: Bitcoin indicators show that most current holders have realized profits and do not need to admit losses and leave the market

Odaily Planet Daily News CryptoQuant analyst Axel posted on social media that BTC's annualized real MVRV (market value/realized value ratio) has returned to the positive range, which means that the average cost price of all tokens purchased in the past year is lower than the current market price. Panic selling pressure is weakening - most holders have now realized profits and do not need to admit losses and leave. The confidence of holders is continuing to increase. This "critical point conversion" 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 high enough level, prompting holders to choose to take profits.