Bitcoin’s Bullish Ballet: A 25% Encore? 🎭💰

by

Oh, the world’s most glamorous cryptocurrency, Bitcoin, has certainly been putting on a show, hasn’t it? It recently pirouetted to a new record above $123,000, only to take a slight bow and retreat below $118,000 as the audience (read: profit-takers) demanded an encore. But fear not, dear readers, for the on-chain signals whisper of more curtain calls to come, as a key metric suggests that short-term holders haven’t yet reached the usual profit levels that trigger a mass exodus. 🎪

Could this mean that Bitcoin is still in the midst of a grand performance, with more acts to follow?

Bitcoin’s Bull Run Isn’t Over, Darling

According to the sage of the crypto stage, CryptoQuant’s Darkfost, the Short-Term Holder Market Value to Realized Value (STH MVRV) ratio is still well below its critical threshold. This delightful indicator measures the unrealized profits for short-term Bitcoin holders and often signals when the curtain might fall on the current act.

In the past, when the STH MVRV reached about 1.35, meaning holders had roughly 35% unrealized profits, Bitcoin usually faced a short-term correction as investors started to take their bows. This typically led to a short-term dip in price. 🎭

However, in the current cycle, Darkfost notes that STH unrealized gains have never crossed the 42% mark, indicating that the market hasn’t reached an extreme greed zone yet. Right now, the STH MVRV stands near 1.15, signaling that holders are sitting on about 15% gains, far from the levels that typically spark heavy selling. 🎭💰

STH MVRV Signals More Upside Ahead for BTC

“Every time the STH MVRV has reached around 1.35, it has triggered profit-taking behavior… There is still room for BTC to rise by approximately 20% to 25% before hitting that critical MVRV threshold again.” – By @Darkfost_Coc

— CryptoQuant.com (@cryptoquant_com) July 17, 2025

Why This Matters for Bitcoin’s Price, My Dearest

What’s even more intriguing is that the realized price for short-term holders just crossed $100,000 on July 11 for the first time ever. Today, it’s already above $102,000, setting a new benchmark in Bitcoin’s storied history. This shift raises the threshold for profit-taking even further, creating more breathing room for the current rally. 🎭💰

How High Can Bitcoin Price Go, You Ask?

Based on past trends, Bitcoin still has room to climb by 20% to 25% before hitting the profit-taking zone near an MVRV level of 1.35. This means the market could experience another strong upward move before the large-scale selling begins. Currently, Bitcoin is trading around $118,000. If it gains 20%, the price could reach about $141,600. Meanwhile, a 25% rise would push it close to $147,500. 🎭💰

Read More

2025-07-17 15:14