Analyst: Indicators Show Bitcoin Will Face Significant Selling Pressure from Short-Term Holders at $118,000
On May 15, CryptoQuant analyst Axel posted on social media that the current Market Value to Realized Value (MVRV) ratio for Bitcoin short-term holders (STH) is 1.09. The first significant selling pressure is expected to occur around 1.25 (target price ≈ $118,000), with stronger selling pressure possibly appearing at 1.35 (≈ $128,000). Based on the current average daily growth rate, the STH MVRV could reach 1.25 by early June and 1.35 by the end of the month.
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