Odaily Planet Daily News CryptoQuant analyst stated that the MVRV ratio of short-term holders (STH) is currently only 1.15, far below the usual threshold of 1.35 that triggers large-scale profit-taking. On July 11, the STH realized price first broke through the $100,000 mark, and has now exceeded $102,000. Analysis shows that before reaching the key MVRV threshold, Bitcoin price still has about 20%-25% upside potential, providing a bullish window for investors. The MVRV indicator measures unrealized profit levels by comparing market capitalization with realized price.