CryptoQuant: Short-term holder data suggests that BTC may have an additional 20%-25% rise potential.

PANews July 17 news, CryptoQuant analyst Darkfost stated that the MVRV indicator of short-term Bitcoin holders (STH) shows that there is still room for the market to rise. MVRV is an indicator used to measure unrealized profits, and whenever the MVRV value of STH reaches 1.35 (which means an unrealized profit of about 35%), the market usually experiences profit-taking, followed by a short-term price pullback. Currently, this indicator is only 1.15, which is still some distance from the key point. In addition, the average buying cost (realized price) of short-term holders broke $100,000 for the first time on July 11 and is currently above $102,000, indicating that the market still has the potential to support further rises. Analysis suggests that Bitcoin prices may have an additional 20%-25% upside before entering a new round of profit-taking.