CryptoQuant: Bitcoin’s STH MVRV Signals Potential Rally Toward $115K–$120K
According to new on-chain data from CryptoQuant, Bitcoin’s Short-Term Holder Market Value to Realized Value (STH MVRV) indicator suggests that the leading cryptocurrency could continue its upward trend — potentially targeting the $115,000–$120,000 range.
MVRV Suggests Room for Growth
The STH MVRV metric compares the market value of coins held by short-term investors (typically less than 155 days) to their average acquisition cost. When this ratio rises but remains below overheated levels, it often signals room for further appreciation before reaching market tops.
CryptoQuant’s report notes that the current MVRV readings mirror previous mid-cycle expansion phases rather than euphoric peaks — implying that Bitcoin’s current market strength may still have room to run.
Historical Context
Historically, an STH MVRV ratio in the 1.5–2.0 range has indicated a bullish but sustainable phase, while readings above 3.0 have often marked local tops. At present, the indicator remains below critical thresholds, suggesting that short-term holders are profitable but not overextended.
This setup typically precedes further upside momentum, as investors remain confident without triggering excessive profit-taking.
Broader On-Chain Picture
Other on-chain indicators — such as exchange outflows, realized profit margins, and whale accumulation — continue to show bullish alignment with the STH MVRV signal. Analysts note that institutional demand and long-term holding behavior remain strong, providing additional market support.
Aiming for $120K?
While no indicator guarantees price targets, CryptoQuant’s model projects that if historical patterns repeat, Bitcoin could rally into the $115K–$120K range before encountering significant resistance.
That scenario would align with broader macro trends favoring Bitcoin’s long-term adoption as digital collateral and institutional-grade store of value.
For now, on-chain data continues to paint a picture of healthy optimism — with traders watching closely to see if Bitcoin can sustain momentum toward this next psychological milestone.
