Long-term holders have largely refrained from selling, and the Bitcoin Mean Reversion Index is in deep-value territory

Odaily: On-chain analyst Checkmate noted that during the current Bitcoin sell-off, the Mean Reversion Index stands at Q18, the bottom 18% of the distribution range, below the Q20 deep-value threshold. This is Bitcoin's fourth capitulation-style sell-off since its all-time high, with daily sell volume rising from about $420 million to over $850 million, of which more than 85% comes from investors who recently bought near the $80,000 high. By contrast, long-term holders remain mostly in profit and have largely refrained from selling.