Bitcoin on-chain metrics show BTC trading near the short-term holder cost basis of $107.8k, which acts as immediate support; a neutral MVRV percentile and large realized profits point to cautious sentiment while traders monitor STH SOPR and exchange flows for reliable trade setups.
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.
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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.
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Source: https://en.coinotag.com/bitcoin-may-find-support-near-107-8k-as-mvrv-neutrality-and-eth-rotation-could-temper-short-term-rally/