CoinVoice has recently learned that CryptoQuant analyst Axel posted on social media, stating that the market value of current Bitcoin short-term holders (STH) for the Market Value to Realized Value (MVRV) indicator is 1.09.
It is expected that the first wave of significant selling pressure will occur around 1.25 (target price ≈ 118,000 USD), with stronger selling pressure possibly appearing at 1.35 (≈ 128,000 USD). Based on the current average daily growth rate, STHMVRV may reach 1.25 by early June and 1.35 by the end of the month.
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CoinVoice has recently learned that CryptoQuant analyst Axel posted on social media, stating that the market value of current Bitcoin short-term holders (STH) for the Market Value to Realized Value (MVRV) indicator is 1.09.
It is expected that the first wave of significant selling pressure will occur around 1.25 (target price ≈ 118,000 USD), with stronger selling pressure possibly appearing at 1.35 (≈ 128,000 USD). Based on the current average daily growth rate, STHMVRV may reach 1.25 by early June and 1.35 by the end of the month.