If Bitcoin bulls maintain the current price recovery with rising demand, the STH MVRV ratio could rise closer to these historical peak levels, which could signal a confirmation of Bitcoin resuming its market uptrend. Related Reading: On The Horizon: Bitcoin $140,000 Projection And SOL, XRP ETFs Approval In 2025 Crypto Forecast BTC Must Avoid Fall Below $87,000 – Here’s Why In relation to the Bitcoin STH MVRV ratio, it is understood that 1.0, which indicates no profit or loss, is a pivotal value acting as a support during bullish trends or resistance in a market downtrend. Glassnode report reveals that the current STH MVRV ratio shows that 1.0 corresponds with the $87,000 price zone. According to data from the Cumulative Bid-Ask Delta, there is an air pocket between $87,000 and $71,000 i.e.there is low trading activity or fewer significant buy orders in this price range.
Related Reading: Bitcoin Coinbase Premium Sinks To Lowest Since FTX Crash: Bottom In? Bitcoin STH MVRV At 1.1 With More Room To Run According to a recent X post, blockchain analytics firm Glassnode shared a data report on the Bitcoin short-term holders’ MVRV ratio in relation to market price. In crypto, the market value to realized value ratio (MVRV) is a critical analysis tool used to gauge whether an asset is overvalued or undervalued.
Considering BTC’s price fall in recent weeks, there might be increased selling pressure as these holders move to realize their gains, leading to short-term price resistance. However, data from Glassnode indicates that the Bitcoin MVRV STH ratio previously reached peaks of 1.35 in November 2024, and 1.44 in March 2024.
The story "Short-Term Bitcoin Holders See 10% Profit – Potential Impact On Price?" has 414 words across 61 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Short-Term Bitcoin Holders See 10% Profit – Potential Impact On Price?" was covered 2 days ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 4 news stories per day.
It's most recent story was published 13 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
