Data: Short-term holders' MVRV rebounds to 0.95, Bitcoin may rebound to the range of $115,000 to $120,000

CryptoQuant analyst Axel Adler Jr stated that the short-term holder (STH) MVRV indicator has reached a local low of 0.9124, close to the lower boundary of the statistical range. Currently, the indicator has stabilized and risen to 0.9514.

If it can maintain above 0.92, it may further rise to the upper boundary of the range, corresponding to a Bitcoin price of approximately between $115,000 and $120,000.