Before the next round of large-scale profit-taking begins, there may still be a bullish window.
According to analysis by @Darkfost_Coc, the MVRV ratio for short-term holders is currently only 1.15, well below the usual threshold of 1.35 that triggers large-scale profit-taking. Before reaching the key MVRV threshold, the price of $BTC still has about 20%-25% upside potential.
STH MVRV Signals More Upside Ahead for BTC
“Every time the STH MVRV has reached around 1.35, it has triggered profit-taking behavior… There is still room for BTC to rise by approximately 20% to 25% before hitting that critical MVRV threshold again.” – By @Darkfost_Coc
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