Analysts: Bitcoin indicators show that most current holders have now realized profits without needing to exit at a loss.

According to BlockBeats news on May 2, CryptoQuant analyst Axel stated on social media that the annualized real MVRV (Market Value/Realized Value ratio) of BTC has returned to the positive zone, meaning that the average cost price of all tokens purchased in the past year is now below the current market price. Panic selling pressure is easing—most holders are now in profit and do not need to exit at a loss. The confidence of coin holders is continuing to strengthen. This "critical point transition" coincides with the market recovery phase, marking the beginning of a more sustainable price growth cycle. This trend will continue until speculative premiums accumulate to a sufficiently high level, prompting holders to choose to take profits.