#STH MVRV recovered from 0.83 last week to 0.90 currently — still below the critical 1.0 breakeven threshold for recent buyers 📉🔴. Implied cohort cost basis sits near $72.6K, leaving recent buyers roughly 10% underwater on average 💪.
Recent rally offering some relief but not enough to bring cohort back into net profit — a key precondition for any sustainable bear market exit. Until #STHMVRV reclaims 1.0, this cohort remains a standing source of overhead supply on any recovery attempt ⚡️🎯👀
Recent rally offering some relief but not enough to bring cohort back into net profit — a key precondition for any sustainable bear market exit. Until #STHMVRV reclaims 1.0, this cohort remains a standing source of overhead supply on any recovery attempt ⚡️🎯👀