Bitcoin short-term holders are capitulating: STH MVRV dropped below 1, forcing ~2.6k BTC of realized losses in two weeks, while long-term holders remain steady and seller exhaustion signals that selling pressure may be easing—pointing to a potential stabilization near $112,000 if demand returns.
STH MVRV below 1
STH Realized Loss rose to ~2.6k BTC in two weeks
Long-term holders (LTH) hold, Seller Exhaustion suggests selling may be slowing
Meta description: Bitcoin short-term holders capitulating as STH MVRV dips below 1 and realized losses surge to 2.6k BTC; see implications and key signals. Read analysis.
What is Bitcoin short-term holders capitulation?
Bitcoin short-term holders capitulation is when recent buyers sell at a loss, typically after STH MVRV drops below 1, indicating unrealized profits turned negative. This phase often coincides with spikes in realized losses and can precede market stabilization as long-term holders absorb supply.
How did STH MVRV and realized losses change recently?
Analyst Burak Kesmeci reported STH MVRV fell below 1 after 132 days in profit, the first comparable dip since February. The STH Unrealized Profit/Loss Ratio sits at 0.955, and STH Realized Loss climbed from 623 BTC to ~2.6k BTC in about two weeks.
These moves show short-term sellers are taking losses, increasing short-term selling pressure. Historically, large STH losses have often marked capitulation near market lows and preceded stronger recoveries when stronger hands accumulate.
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Long-term holders (LTHs) show sustained conviction: Checkonchain data indicates LTH Sell-side Risk dropped sharply after a recent peak, now near 0.0017. With lower profit incentives and higher conviction, LTHs are less likely to add supply, helping absorb STH selling pressure.
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Source: https://en.coinotag.com/bitcoin-short-term-holders-capitulation-and-2-6k-btc-realized-losses-could-precede-rebound-as-lths-hold/