Analyst: Indicator Shows Bitcoin Will Face Significant Selling Pressure From Short-Term Holders Upon Reaching $118,000

BlockBeats News, May 15th, CryptoQuant analyst Axel posted on social media, stating that the current Bitcoin Short-Term Holder (STH) Market Value to Realized Value (MVRV) ratio is 1.09. The first significant selling pressure is expected to occur around 1.25 (target price ≈ $11.8K), with stronger selling pressure potentially emerging at 1.35 (≈ $12.8K). Based on the current average daily growth rate, STH MVRV may reach 1.25 in early June and 1.35 by the end of the month.