The Bitcoin market is showing increased interest from short-term holders, reflected in the rising MVRV metric.
What Is MVRV?
MVRV (Market Value to Realized Value) is a ratio that compares the market value of an asset to its realized value. The STH MVRV metric indicates current unrealized profits among recent investors.
Historical Data on STH MVRV
Historically, STH MVRV values around 1.25 and 1.35 have triggered waves of selling pressure. These thresholds correspond to price zones near $118,000 and $128,000. With the current trend, MVRV could hit 1.25 by early June and potentially reach 1.35 by the end of the month if current linear growth continues.
Factors Influencing Prices
However, this projection is not set in stone. The actual trajectory may be affected by broader market sentiment, macroeconomic developments, and liquidity conditions, which could either accelerate or delay the timeline.
The rising STH MVRV metric could signal increased profits in the Bitcoin market, but its impact on price will depend on various factors.
