$BTC The #BTC Short-term Holder MVRV Ratio continues to trend around 0.9. This means that the short-term investors are currently sitting on an average unrealized loss of about 10%. According to the expert, the realized price for these holders is hovering around $92,800, a crucial level that must be reclaimed to confirm the continuation of the upward trend. It is worth noting that the STH MVRV has not witnessed a breach since it reached the +1 deviation in April 2021, a level that has marked the last 4 cycle tops. Given that the current MVRV of 1.32 is equivalent to the +1 standard deviation barrier, short-term holders would have an average unrealized profit of 32% at the time. #Write2Earn