The MVRV of short-term Bitcoin holders has dropped to 0.77, with an average unrealized loss of nearly 30%.

BTC0,49%

Gate News reported that on March 30, CryptoQuant data shows that the current Bitcoin price is fluctuating between $65,000 and $70,000, significantly lower than the cost average of approximately $85,900 for short-term holders, resulting in most investors who entered in the past six months being in a state of loss. The MVRV (Market Value to Realized Value ratio, used to measure market valuation levels) for short-term holders has dropped to about 0.77, below the neutral level of 1.0, and once touched 0.7 at the end of February, reflecting an average unrealized loss of nearly 30%. The long-term low MVRV indicates that the short-term holding group is under pressure.

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