Analyst: Short-term holders' MVRV rebounds to 0.95, possibly indicating Bitcoin will rebound to $115,000–$120,000

Jinse Finance reported that Cryptoquant analyst Axel Adler Jr released a market analysis stating that on November 7, the MVRV indicator for short-term holders (STH) reached a local low of 0.9124, approaching the lower boundary of its statistical range. As of today, data shows that this indicator has shown signs of stabilization, rebounding from 0.9124 to 0.9514. If the indicator can consistently remain above 0.92, it may begin to move toward the upper boundary of the range, corresponding to a bitcoin price range of approximately $115,000 to $120,000.