@gazeteciserif
The Short-Term Holder (STH) MVRV is showing a clear "Capitulation Phase" for Bitcoin.
Analysis of the current chart:
- Under Water: Price is currently trading well below the STH Cost Basis (~$100k-$105k). Most recent buyers are in the red.
- Resistance: The STH Cost Basis has flipped from support to a heavy psychological resistance (red arrows).
- Opportunity? STH-MVRV is deep in the blue zone (below 1.0). Historically, this indicates a local bottom where weak hands exit and smart money accumulates.
Strategy: The trend remains bearish until we reclaim the $105k level. Watch for a bounce near the -1sd band. High volatility expected as we test these "pain levels."
Data via @checkonchain 📊
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