CryptoQuant: Short-term holders MVRV shows BTC still has room to rise

Odaily News CryptoQuant analysts wrote that the MVRV ratio of short-term holders (STH) is currently only 1.15, far below the 1.35 threshold that usually triggers large-scale profit-taking. On July 11, the STH realized price exceeded the $100,000 mark for the first time and is now over $102,000. Analysis shows that before reaching the key MVRV threshold, the Bitcoin price still has about 20%-25% upside potential, providing investors with a bullish window. The MVRV indicator measures the level of unrealized profits by comparing market value with realized price.