An analyst has explained how Bitcoin could face significant waves of selling pressure from the short-term holders around these price levels.
Bitcoin Short-Term Holder MVRV Could Flag These Levels As Important
In a new post on X, CryptoQuant author Axel Adler Jr has talked about the trend in the Market Value to Realized Value (MVRV) Ratio of the Bitcoin short-term holders.
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The MVRV Ratio is an indicator that keeps track of the ratio between the Bitcoin Market Cap and Realized Cap. The former represents the value currently held by the investors as a whole, while the latter that initially invested by them. As such, this ratio tells us about the profit-loss situation of the network.
When the value of this metric is greater than 1,
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