Analysts Say Bitcoin is in a Deep Value Zone, Long-Term Holders Have Not Significantly Exited

On-chain analyst Checkmate pointed out that Bitcoin is currently experiencing a sell-off, with its "Mean Reversion Index" at Q18, below Q20, indicating a deep value zone. This marks the fourth capitulation-style sell-off since the historical peak, with daily sell-off amounts doubling from about $420 million to over $850 million, of which more than 85% comes from investors who recently bought at the $80,000 high. In contrast, most long-term holders remain in profit and have essentially not sold.

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