Brothers, don't rush to get off the bus; BTC still has a 20%-25% upside potential! When the STH MVRV (Short-Term Holder Market Value to Realized Value) of BTC approaches 1.35, meaning short-term holders have an unrealized profit of about 35%, the market tends to see significant profit-taking behavior, which usually leads to a short-term pullback. Currently, the STH MVRV is only 1.15, so we are still far from that sensitive point. This is mainly because on July 11, the realized price for short-term holders first broke the $100,000 mark, which is a first in Bitcoin's history. It has now even risen to over $102,000. Therefore, BTC still has about a 20% to 25% upside potential before it reaches that critical MVRV level again. ✅ What is MVRV? MVRV (Market Value to Realized Value) is: Current total market value of Bitcoin ÷ Realized value Realized Value: The total value calculated using the "last transfer price" of each Bitcoin as the cost price. ✅ What can it tell us? MVRV reflects the average unrealized profit or loss in the market. MVRV > 1: Overall, people are making money. MVRV < 1: Overall, people are losing money. The higher the MVRV: The more people are making money, and the greater the risk of selling pressure and pullbacks. The lower the MVRV: The more people are losing money, the price is undervalued, making it suitable for bottom fishing. ✅ Common threshold references: Below 1.0: Market panic, possibly a bottom. Around 1.3 - 1.5: Short-term funds have significant unrealized profits, caution is needed for pullbacks. >3 or higher: Usually a bull market top area, extremely risky. ✅ STH MVRV Specifically looks at the MVRV of short-term holders (STH), which can reflect short-term sentiment and potential selling pressure more quickly.