BTC faces rising sell pressure from short-term investors, analyst says

On-chain analyst Darkfost noted that BTC's upward momentum stalled near $81,000, the cost basis for short-term investors, which has increased selling pressure in the market. According to the analyst, the MVRV (market value to realized value) also met resistance as it reached the 1.0 level, which corresponds to the break-even point for short-term holders. This indicates that these investors are now exiting the market with relative aggression, and the market appears to lack the conviction needed for further gains.