Bitcoin long-term holders have remained profitable throughout the current cycle, according to Glassnode data reported by PANews on Oct. 4. Glassnode defines long-term holders as investors holding BTC that has not moved for at least 155 days. In every bear market since at least 2015, the LTH-MVRV ratio fell below 1 at the cycle bottom, indicating aggregate losses for the group. This cycle, the indicator bottomed above 1 and has since begun rising again.