Bitcoin May Find Support Near $107.8K as MVRV Neutrality and ETH Rotation Could Temper Short-Term Rally

  • BTC sits close to the STH cost basis at $107.8k, offering a key support level.

  • Neutral MVRV and rising Coin Days Destroyed indicate mixed conviction among holders.

  • Whale-driven realized profits near $4B and cooling spot ETF flows into BTC signal rotation risk toward ETH.

Meta description: Bitcoin on-chain metrics show BTC near the $107.8k short-term holder cost basis; learn how MVRV, STH SOPR and exchange flows guide trade setups. Read now.

What do Bitcoin on-chain metrics indicate about current price action?

Bitcoin on-chain metrics indicate that BTC is trading near the short-term holder (STH) cost basis of $107.8k, offering immediate support. Neutral MVRV readings and elevated realized profits suggest a cautious market where traders should prioritize confirmation from STH SOPR and exchange flow data before taking directional positions.

‘,

🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!

‘,

📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!


];

var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();

The MVRV percentile at ~39% signals a neutral risk/reward environment versus extreme exuberance or capitulation. The average STH cost basis near $107.8k serves as a structural support: a sustained close below this level would raise the probability of further downside while a clear rebound would validate buyer conviction.

Traders should use a multi-signal approach: align MVRV percentile, STH SOPR behavior, realized price bands, and exchange flows. Only when these indicators confirm each other does the trade setup improve in quality.


];

var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();

Source: https://en.coinotag.com/bitcoin-may-find-support-near-107-8k-as-mvrv-neutrality-and-eth-rotation-could-temper-short-term-rally/