LTH Relative Unrealized Loss peaked at 15% in early April. In prior deep bear markets, this metric exceeded 75%.
Long-term holders have so far experienced a fraction of the stress seen at historical cycle lows, suggesting recent drawdown, while significant, did not test their conviction at the same depth.
📉https://t.co/qmV8jW8spq
Strategy has acquired 535 BTC for ~$43.0 million at ~$80,340 per bitcoin and has achieved BTC Yield of 9.4% YTD 2026. As of 5/10/2026, we hodl 818,869 $BTC acquired for ~$61.86 billion at ~$75,540 per bitcoin. $MSTR $STRC https://t.co/qScHXi2BBJ
MVRV Pricing Bands remain one of the most reliable tools for identifying cycle extremes. Historically, Bitcoin $BTC has found its definitive bottom between the 1.0 and 0.8 pricing bands—the zones where the market is trading at or below its aggregate cost basis.
Since 2010, every major capitulation has found its floor within this narrow corridor. This is where the last sellers are exhausted, and the long-term accumulation phase begins.
In the current cycle, Bitcoin has yet to test these ultimate value zones. As of late April 2026, the bands are positioned as follows:
1.0 MVRV Band: $54,145
0.8 MVRV Band: $43,316
While the local momentum is positive, these levels represent the ultimate floor if the macro trend undergoes a deeper correction.
IMO if you are wondering how the market will perform over the next few months just look at how it performed last year during those months as it's been mirroring it the entire year so far
This applies for:
-#BTC
-#ETH
-#Crypto
-#Stocks
-BTC Dom
Was clear at the bottom 👇