This Bitcoin Indicator Has Hit Levels That Often Lead To Corrections

On-chain data shows a Bitcoin metric has recently hit levels that have historically led to corrections in the cryptocurrency’s price.
Bitcoin Is Currently 40% Above The Cost Basis Of Short-Term Holders
CryptoQuant Netherlands community manager Maartunn explained in a post on X that the BTC price is currently 40% above the cost basis of the short-term holders.
The indicator of interest here is the “Market Value to Realized Value (MVRV) ratio,” which is an indicator that keeps tr