📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
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📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
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Post original content (at least 100 words) on Gate Square related to
Analysts: Short-term holders' MVRV shows that Bitcoin still has pump potential.
CryptoQuant analysts stated that the MVRV ratio for short-term holders (STH) is currently only 1.15, far below the usual threshold of 1.35 that triggers large-scale profit-taking. On July 11, the realized price for STH first broke the $100,000 mark and is now over $102,000. Analysis shows that before reaching the key MVRV threshold, Bitcoin price still has about 20%-25% upside potential, providing investors with a bullish window. The MVRV indicator measures unrealized profit levels by comparing market capitalization with realized price.