On-chain data reveals that the Bitcoin short-term holder Realized Value Transfer (RVT) has declined to near cyclical lows, indicating that most coins are being moved at or near break-even levels. Analytics firm Glassnode highlights that such resets often coincide with market detox periods, which could lay the groundwork for more sustainable recoveries. The current decline in STH RVT mirrors the sharp drops seen during the mid-2024 and early-2025 market lows.