In the flux of the market, over 80% of short-term Bitcoin holders find themselves at a loss, grappling with the volatility.
has faced significant challenges in maintaining its position above the $60,000 price level, frequently dipping below this key threshold in recent weeks.
In those periods, a large proportion of short-term holders were also held at a loss, which led to increased panic selling. This behavior contributed to prolonged bearish trends as investors rushed to cut their losses. The MVRV has remained below zero for an extended period, signaling that short-term holders have generally been holding at a loss.As of the 18th of August, the MVRV had improved to approximately -5%, still in negative territory but showing some recovery.
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