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 in the range of approximately $65,000 to $70,000, significantly below the average cost price of short-term holders at around $85,900, resulting in a general state of loss for investors who entered the market in the past six months.

Data shows that the short-term holder MVRV has dropped to about 0.77, below neutral levels, and at the end of February, it once reached 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 may exacerbate market volatility.

BTC1.41%
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