With the recent decline in $BTC price, STH have seen their realized price drop to approximately $90,800.
Despite this, they continue to face unrealized losses of around 4%, meaning the STH MVRV ratio is currently at 0.96.
-- The MVRV (Market Value to Realized Value) ratio is an indicator that compares total market capitalization with realized capitalization. Realized capitalization represents the average purchase price, and in this case, it refers specifically to STH (Coin held <155d) --
It is worth noting that the STH profit percentage in this cycle has never exceeded 42%.
Historically, every time this level was reached, it was followed by a market correction.
Conversely, when STH experienced unrealized losses between 9% and 17%, the market rebounded quickly.
Written by Darkfost
