Analyst: Indicators show that BTC will face significant selling pressure from short-term holders when it rises to $118,000

ChainCatcher news, CryptoQuant analyst Axel posted on social media that the current market value of short-term holders (STH) of Bitcoin has a Market Value to Realized Value (MVRV) ratio of 1.09.

The first wave of significant selling pressure is expected to occur around 1.25 (target price ≈ $118,000), with stronger selling pressure possibly appearing at 1.35 (≈ $128,000). Based on the current average daily growth rate, STH MVRV may reach 1.25 by early June and 1.35 by the end of the month.