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Analyst: Indicators show Bitcoin will encounter significant selling pressure from short-term holders as it rises to $118,000
On May 15, CryptoQuant analyst Axel posted on social media that the current market value to Realized Value (MVRV) indicator for Bitcoin short-term holders (STH) is 1.09. The first wave of significant selling pressure is expected to appear around 1.25 (target price Technologies $118,000), and stronger selling pressure may appear at 1.35 (Technologies $128,000). According to the current average daily growth rate, STHMVRV may reach 1.25 in early June and 1.35 at the end of the month.
2025-05-15 06:26:52
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