The Bitcoin metrics showed that the STH SOPR 7DMA was below 1, showing short-term holders were at a loss for now.
Key Takeaways
Bitcoin’s price was just above the average short-term holder cost basis at $107.8k, which should act as a solid support level. The MVRV percentile showed no strong upward or downward signals.
Bitcoin [BTC] dropping below the $112k level... [2222 chars]