CoinVoice has recently learned that CryptoQuant analysts have stated that the MVRV ratio for short-term holders (STH) is currently only 1.15, far below the typical 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 is currently above $102,000.

Analysis shows that before reaching the key MVRV threshold, the price of Bitcoin still has about a 20%-25% increase potential, providing a bullish window for investors. The MVRV indicator measures unrealized profit levels by comparing market capitalization with realized price. [Original link]