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Glassnode Glassnode @glassnode · 44.1K subscribers
Post #885 16.2K
Currently, the unrealized profit held within the Bitcoin supply is the largest it has ever been moving into a Halving event (as measured by MVRV).

In other words, investors are holding the largest paper gains relative to their cost basis as of a halving date. With the MVRV Ratio is trading at 2.26, this means the average unit of BTC is holding a +126% paper gain.

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