The Bitcoin market is approaching pivotal resistance levels as short-term holder (STH) MVRV (Market Value to Realized Value) climbs to 1.09, signaling rising unrealized profits among recent investors.
Historically, STH MVRV values around 1.25 and 1.35 have triggered waves of selling pressure. These thresholds correspond to price zones near $118,000 and $128,000, respectively. With the current trend, MVRV could hit 1.25 by early June and potentially reach 1.35 by the end of the month — assuming current linear growth continues.
However, this projection is not set in stone. The actual trajectory may be affected by broader market sentiment, macroeconomic developments, and liquidity conditions, which could either accelerate or delay the timeline.
As BTC inches toward new highs, analysts are closely watching these MVRV levels for signs of distribution, particularly as previous cycles have seen heightened volatility when profits among short-term holders cross these thresholds.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/which-key-zones-could-trigger-bitcoin-profit-taking/