Bitcoin's Short-Term Holder (STH) MVRV ratio has dropped to 1.61, below the typical range of 1.33–1.64, suggesting short-term holders are experiencing net losses. This development, often associated with market corrections, comes as the realized price for STH stands at $113,000, a critical support level. Analysts predict a potential rebound to $115,000–$120,000 if this support holds. Amidst bearish signals, including a negative STH realized PNL and a 'extreme fear' reading on the crypto fear and greed index, key support levels at $89,400 and $82,400 are under scrutiny. A worst-case scenario could see prices fall to $45,500. Meanwhile, long-term holders have accumulated 186,000 BTC since October 2025, indicating possible supply constraints. Investors are eyeing strategic entry points at these support levels and through dollar-cost averaging as the STH MVRV ratio approaches 1.0.