The STH MVRV (short-term holder profit ratio) just hit 1.23.
Historically, the first wave of profit-taking starts around 1.25 — which corresponds to ~$118K for BTC.
It’s a sign: pressure is building.
Smart money may soon begin offloading bags.
Historically, the first wave of profit-taking starts around 1.25 — which corresponds to ~$118K for BTC.
It’s a sign: pressure is building.
Smart money may soon begin offloading bags.