Short-Term Holder Realized Price, representing average cost basis of investors holding BTC for less than 155 days, has been a reliable floor for price downturns since April.
Bitcoin corrections consistently find strong support at this crucial level, acting as both a psychological and technical support zone.
Short-Term Holder MVRV ratio indicates increasing pressure on newer market participants with a 0.03 value, implying about 3% in unrealized gains for short-term holders.
STH-MVRV value of 0.03 suggests that recent buyers are at or very close to their entry price, making them vulnerable to selling pressure in case of further price declines.
A STH-MVRV value near 1 denotes that short-term holders are at breakeven, while values below 1 imply they are at a loss.
While the historical support level has held strong, decreasing unrealized gains for short-term holders may challenge the market's resilience.
Investors are monitoring whether this critical support level will withstand the pressure on newer entrants in the Bitcoin market.