12 hour ago
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Bitcoin Short-Term Holders Face Prolonged Pain As Key Metric Stays Red
Bitcoin is underperforming in Q4 2025, prompting some investors, particularly short-term holders (STHs), to offload their holdings.
STH MVRV Remains Negative
- The STH Market Value to Realized Value (MVRV) metric has been below the neutral level for 60 consecutive days.
- A reading below 1 indicates STHs are at a loss, potentially leading to capitulation events.
- Prolonged negative MVRV readings suggest heightened market stress, possibly affecting Bitcoin's price through sell-offs.
- If bearish pressure eases, it could signal imminent market stabilization.
Technical Analysis: Bitcoin Below 111-Day SMA
- Bitcoin has been trading below the 111-day Simple Moving Average (SMA 111).
- This suggests Bitcoin is in a consolidatory or corrective phase, not at the start of an upward trend.
- Macro events and renewed spot demand may impact Bitcoin's future trajectory.
As of now, Bitcoin is valued at around $87,380, with no significant movement in the past day.
