$BTC Short-term holders: MVRV has surged to the highest level since November 2025!
Right now, the MVRV ratio is 1.15, meaning short-term holders are on average up about 15%, with a cost basis of $73,100. After price broke above the cost line, market momentum has clearly strengthened.
But keep in mind: when MVRV is high, short-term holders are the most likely to bail out. With 15% profits in hand, many will choose to lock in gains. If a large number of short-term holders start selling, it could trigger a pullback.
Now, the BTC futures long/short ratio is 1.29, and the annualized funding rate is only 1.61%—leveraged long positions aren’t crowded yet. However, if short-term holders cash out in clusters, combined with the expectation of a rate hike in October (probability 64%), the pressure could become significant.
In one sentence: short-term holders are making money, but they’re also the easiest to run. Keep an eye on the $73,100 cost line—if it breaks down, the sell-off may accelerate.
$BTC #MVRV #On-chain data
Right now, the MVRV ratio is 1.15, meaning short-term holders are on average up about 15%, with a cost basis of $73,100. After price broke above the cost line, market momentum has clearly strengthened.
But keep in mind: when MVRV is high, short-term holders are the most likely to bail out. With 15% profits in hand, many will choose to lock in gains. If a large number of short-term holders start selling, it could trigger a pullback.
Now, the BTC futures long/short ratio is 1.29, and the annualized funding rate is only 1.61%—leveraged long positions aren’t crowded yet. However, if short-term holders cash out in clusters, combined with the expectation of a rate hike in October (probability 64%), the pressure could become significant.
In one sentence: short-term holders are making money, but they’re also the easiest to run. Keep an eye on the $73,100 cost line—if it breaks down, the sell-off may accelerate.
$BTC #MVRV #On-chain data
