CryptoQuant analysts report that Bitcoin's short-term holder (STH) MVRV ratio is at 1.15, indicating potential for further price increases. The MVRV ratio, which compares market value to realized price, suggests that Bitcoin has not yet reached the 1.35 threshold typically associated with large-scale profit-taking. As of July 11, the STH realized price surpassed $100,000 for the first time, now standing at over $102,000. This analysis implies a 20%-25% upside potential for Bitcoin before hitting the key MVRV threshold, offering a bullish outlook for investors.