Bitcoin short-term holders are facing increasing losses as MVRV enters bear market territory.

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Bitcoin analysis reveals that short-term holders are experiencing mounting losses as the MVRV ratio falls to 0.77, entering bear market territory. Bitcoin news reports that the current price range of $65,000 to $70,000 is below the average acquisition cost of $85,900 for new investors. The MVRV metric, which compares market capitalization to on-chain realized cost, dipped to 0.7 in late February, indicating average unrealized losses of nearly 30%. Analysts warn that sustained low MVRV levels could heighten volatility as short-term holders come under pressure.

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.

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