The Short-Term Holder MVRV indicator has dropped to its average levels over the past five years. The spot market is currently in a balanced or neutral state, with no clear signs of overbought or oversold conditions among short-term holders.



The cost basis for short-term holders now stands at $105.7K. This represents the average price at which short-term investors have purchased Bitcoin over the last 155 days. BTC is trading above this level, meaning that most new market participants are currently in profit.

The main area of interest now is the market’s reaction to the STH Realized Price.
CLEAR-6.07%
BTC1.39%
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