Analysts: Bitcoin short-term holders suffer widening losses; MVRV in bear market territory.

According to CryptoQuant analyst Darkfost, the current Bitcoin price is fluctuating between approximately $65,000 and $70,000, significantly lower than the average cost of around $85,900 for short-term holders, resulting in widespread losses for investors who entered the market in the past six months. Data shows that the MVRV (Money, Value, and Revenue) for short-term holders has fallen to around 0.77, below the neutral level, having touched 0.7 at the end of February, reflecting an average unrealized loss of nearly 30%. This metric measures market valuation by comparing market capitalization with on-chain realized costs. Analysts believe that the persistently low MVRV indicates pressure on short-term holders, potentially exacerbating market volatility.