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The STH MVRV index shows that Bitcoin has room to increase by 20–25%.
According to CryptoQuant, the MVRV index of the short term holding group (STH) is currently at 1.15 – below the threshold of 1.35 that usually triggers take profit behavior. During this cycle, the unrealized profit of STH has never exceeded 42%, and each time it hits the +35% mark ( corresponding to MVRV ~1.35) has led to short-term corrections.
The actual price of STH surpassed 100,000 USD for the first time on July 11 and is now above 102,000 USD, indicating there is still room for an increase of about 20–25% before BTC faces significant take profit pressure.