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We can use Short-Term Holder MVRV to monitor the unrealized profit or loss of new market participants. Comparing the STH cost-basis to the spot price reveals the pressure they face to sell at a loss or take profit.

#MVRV is already above the 1.0 Mark, which shows strong bullishness in the market and #MVRV tested the Moving Average as Resistance already, and more momentum yet to come if it crosses the 155D Moving Average with MVRV
🕒 13.02.2024 09:07💎 0≈0.000 Ƶ🔽 0