Recent analysis of Bitcoin's price movement reveals significant insights into Short-Term Holders (STH) behavior. The realized price for STH has dropped to approximately $90,800, indicating unrealized losses of around 4% and an MVRV ratio of 0.96. The MVRV ratio, crucial for understanding market dynamics, compares market capitalization with realized capitalization, reflecting the average purchase price for coins held under 155 days. Historically, STH profit percentages have not exceeded 42%, often leading to market corrections. However, unrealized losses between 9% and 17% have historically prompted swift market rebounds, suggesting potential optimism for future recovery.