Analyst: Short-Term Bitcoin Holders Face Widening Losses, MVRV in Bear Market Territory
2026-03-30 00:08
According to CryptoQuant analyst Darkfost, the current Bitcoin price is fluctuating around the $65,000 to $70,000 range, significantly below the average cost basis of approximately $85,900 for short-term holders, leaving investors who entered the market in the last six months generally in a loss position.
Data shows that the MVRV for short-term holders has dropped to around 0.77, below the neutral level, having touched 0.7 at the end of February, indicating an average unrealized loss nearing 30%. This metric assesses market valuation by comparing market capitalization to the on-chain realized cost. Analysis suggests that a prolonged low MVRV indicates pressure on the short-term holder cohort, which could exacerbate market volatility.
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