Odaily Planet Daily reports that, according to CryptoQuant analyst Darkfost, the current Bitcoin price is trading in the range of approximately $65,000 to $70,000, significantly below the average cost of around $85,900 for short-term holders, leaving most investors who entered over the past six months in a loss position.
Data shows that the short-term holder MVRV has dropped to approximately 0.77, below the neutral level, and touched 0.7 at the end of February, indicating an average unrealized loss of nearly 30%. This metric measures market valuation by comparing market capitalization with the on-chain realized cost. Analysts suggest that a prolonged low MVRV indicates pressure on short-term holders, potentially exacerbating market volatility.

