Bitcoin Could See Short-Term Holder Selloff Around These Levels, Analyst Says
Summary
Bitcoin may experience significant selling pressure from short-term holders (STHs) as the Market Value to Realized Value (MVRV) Ratio approaches critical levels. The MVRV Ratio indicates the profit-loss situation of Bitcoin investors, with values above 1 signaling net unrealized profits. STHs, defined as those who purchased Bitcoin within the last 155 days, are particularly reactive to market changes. Currently, the STH MVRV Ratio is at 1.09, suggesting limited incentive for mass selloffs. However, two key levels have been identified: 1.25 (approximately $118,000) and 1.35 (approximately $128,000), where significant selling pressure could emerge. Bitcoin is currently trading around $103,200, having increased over 2% in the past week.
