Analyst: Short term holder MVRV shows that there is still room for Bitcoin to rise

According to a report by Golden Finance, CryptoQuant analysts have stated that the MVRV ratio for short-term holders (STH) is currently only 1.15, far below the usual threshold of 1.35 that triggers large-scale profit taking. On July 11th, STH achieved its first price breakthrough above the $100000 mark and has now exceeded $102000. Analysis shows that there is still a 20% -25% upward potential for Bitcoin prices before reaching the critical MVRV threshold, providing investors with a bullish window. The MVRV indicator measures unrealized profit levels by comparing market value with realized prices.