"#BTC Short-term Holder MVRV Indicates Upside Potential" In this cycle, the unrealized profits of short-term holders (STH) have not exceeded 42% according to the MVRV indicator. Historically, whenever the STH MVRV reached about 1.35, meaning unrealized profits hit 35%, investors realized their profits, leading to subsequent short-term price corrections. Currently, the STH MVRV is around 1.15, which has not yet reached this threshold. This is because the realized price of short-term holders (indicated by the orange dotted line) surpassed $100,000 for the first time in Bitcoin's history on July 11, and it is currently recorded at over $102,000. Therefore, Bitcoin's price has the potential to rise by about 20% to 25% before reaching this important MVRV threshold. In other words, there is a possibility of a bullish trend continuing until the next large-scale profit realization begins. by: @Darkfost_Coc View original [Sign up for CryptoQuant Free Membership] By signing up through the link, you will receive a +$39 credit, one month of free advanced tier after card registration, and an additional +$15 credit, so we encourage your participation!