Analyst: Short-Term Holder MVRV Indicates Further Upside Potential for Bitcoin

According to a report by Jinse Finance, a CryptoQuant analyst stated that the MVRV ratio for short-term holders (STH) is currently only 1.15, which is significantly below the usual 1.35 threshold that triggers large-scale profit-taking. On July 11, the realized price for STH surpassed the $100,000 mark for the first time and has now exceeded $102,000. Analysis indicates that before reaching the critical MVRV threshold, Bitcoin still has approximately 20%-25% upside potential, offering investors a bullish window. The MVRV metric measures unrealized profit levels by comparing market value to realized price.