The Bitcoin market is approaching pivotal resistance levels as short-term holder (STH) MVRV (Market Value to Realized Value) climbs to 1.09, signaling rising unrealized profits among recent investors.
Historically, STH MVRV values around 1.25 and 1.35 have triggered waves of selling pressure. These thresholds correspond to price zones near $118,000 and $128,000, respectively. With the current trend, MVRV could hit 1.25 by early June and potentially reach 1.35 by the end of the month — assuming current linear growth continues.
However, this projection is not set in stone. The actual trajectory may be affected by broader market sentiment, macroeconomic developments, and liquidity conditions, which could either accelerate or delay the timeline.
As BTC inches toward new highs, analysts are closely watching these MVRV levels for signs of distribution, particularly as previous cycles have seen heightened volatility when profits among short-term holders cross these thresholds.
