[Analysis: BTC Long-Term Holder (LTH) 30-Day Distribution Drops 22%, Unrealized Profit Buffer Narrows Slightly] CryptoQuant analyst Axel Adler Jr. points out that from October 22nd to October 29th, the Bitcoin Long-Term Holder (LTH) MVRV dropped from 1.67 to 1.65, with the market price 65% higher than the group's average cost basis. The profit buffer narrowed by 2 percentage points this week. BTC is currently priced at approximately $80,000, while the LTH average cost basis is $48,000. During the same period, the total 30-day LTH distribution decreased from 310,000 BTC to 240,000 BTC, a drop of 22%. This metric tracks the sum of daily decreases in the supply of tokens held for more than six months over the past 30 days; the decline is mainly due to the relatively small decrease in supply recently.