Bitcoin Short-Term Holders Face Prolonged Pain As Key Metric Stays Red

As Bitcoin continues to underperform in the fourth quarter of 2025, its investors have had multiple reasons to offload and shave off their holdings. Among these investors is a certain cohort, its short-term holders (STHs), who have been facing heat over an extended period.
STH MVRV In Deep Red For 60 Consecutive Days
In a recent post on the X platform, market quant Burak Kesmeci revealed an interesting perspective regarding the current market condition for Bitcoin’s most reactive investors