The STH Cost Basis (STHCB), a key indicator for Short-Term Holders, has sharply declined from over $100,000 in January 2026 to approximately $78,700 in May 2026. The current spot price trades below this STHCB, which recently rejected an upward test. This decline signals ongoing capitulation among recent buyers, as "weak hands" sell into dips, resetting…
The MVRV ratio of 1.80 at $99,906 USD is a strong buy signal, but it must be interpreted in the context of a systemic liquidity crisis and a structural market transformation. It is a tactical trading opportunity, not a long-term investment signal without caution.
I. TECHNICAL DECRYPTING: MVRV AT 1.80 IS A BUY SIGNAL, BUT…
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