Analyst: Short-term holder MVRV indicates that Bitcoin still has room for growth

ChainCatcher news, CryptoQuant analysts stated that the MVRV ratio of short-term holders (STH) is currently only 1.15, far below the typical threshold of 1.35 that triggers large-scale profit-taking. On July 11, the realized price for STH first broke the $100,000 mark and is currently over $102,000.

Analysis shows that before reaching the key MVRV threshold, Bitcoin's price still has about 20%-25% upside potential, providing a bullish window for investors. The MVRV metric measures the level of unrealized profits by comparing market capitalization with realized price.