[Analyst: Bitcoin Short-Term Holder MVRV Metric Reaches Highest Level Since November 2025] Analyst Darkfost noted in a post that the Bitcoin Short-Term Holder (STH) MVRV metric (the ratio of market value to realized value) has risen to its highest level since November 2025. Driven by the price surpassing the short-term holder cost basis of approximately $73,100, market momentum significantly strengthened between August and September. The current MVRV ratio stands at 1.15, indicating that short-term holders are, on average, in a 15% profit position, with their market value exceeding their realized value. This level warrants close attention, as it may prompt short-term holders to take action, particularly in terms of profit-taking.