Cryptoquant analyst Axel Adler Jr released a market analysis saying that on November 7, the MVRV indicator for short-term holders (STH) touched a local low of 0.9124, close to the lower boundary of its statistical range. As of today, the data shows that the indicator has shown signs of stabilizing, recovering from 0.9124 to 0.9514.
If the indicator can continue to stay above 0.92, it may start to rise towards the upper boundary of the range, corresponding to the Bitcoin price range of about 115,000 to 120,000 dollars.
Analysts: MVRV for short-term holders rebounds to 0.95, or indicates that Bitcoin will rebound to 115,000 to 120,000 dollars
2025-11-11 06:37:27
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