Analyst: Short-term Bitcoin holders are experiencing increased losses, and the MVRV is in the bear market zone.

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Odaily Planet Daily News According to CryptoQuant analyst Darkfost, the current Bitcoin price is fluctuating between approximately $65,000 and $70,000, which is significantly lower than the average cost price of around $85,900 for short-term holders, causing investors who entered the market in the past six months to generally be in a loss position.

Data shows that the short-term holder MVRV has dropped to about 0.77, below neutral levels, and at the end of February, it briefly touched 0.7, reflecting an average unrealized loss of nearly 30%. This indicator measures market valuation levels by comparing market capitalization with on-chain realized costs. Analysts believe that the long-term low MVRV indicates that the short-term holding group is under pressure, which could exacerbate market volatility.

BTC1.42%
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