Bitcoin’s Long-Term Holders: A Tale of Suffering and Opportunity!
In a recent missive upon the digital X, the on-chain oracle Santiment hath cast light upon the divergent fates of Bitcoin’s adherents, as measured by the Market Value to Realized Value (MVRV) Ratio. This ratio, a ledger of sorts, compares the lofty Market Cap-what the world currently deems BTC to be worth-to the humble Realized Cap, the sum of what mortals paid for their tokens in the past.