Bitcoin’s adjusted long-term holder MVRV (market value relative to realized value) has recovered to about 1.35, returning holders with six-month to 10-year holding periods to an overall profitable position. As of September 27, Bitcoin traded at about $84,500, while the long-term holder realized price was approximately $62,700, putting the spot price about 35% above that cost basis. The indicator had fallen below 1.0 five times between June and August and reached approximately 0.94 on June 30, its 2026 low. CryptoQuant analyst Zizcrypto outlined the data in a post on X.