Bitcoin’s Short-Term Holder MVRV has now dropped to its 5-year average — signaling a balanced market with no signs of extreme fear or greed.
That’s right:
🔹 No overbought pressure
🔹 No oversold panic
➡️ Just a neutral zone… for now.
Currently, the cost basis for Short-Term Holders (STH) is at $105.7K, meaning that’s the average price where short-term investors bought BTC in the last 155 days.
With BTC trading above that level, most recent buyers are still sitting in profit 💰
But here’s the real key 🔑 —
All eyes are now on how the market reacts to the STH Realized Price.
That zone often acts as a psychological and technical battleground.
Will bulls defend it and push higher? Or will profit-taking kick in?
📉 A break below the STH Realized Price could suggest weakness among new holders.
📈 Holding above it could fuel continuation — possibly setting the stage for the next move up.
Stay sharp. This is where sentiment can shift fast.
