Bitcoin MVRV +21% Signals Profit-Taking Risk Amid Fed Wait
Santiment reports Bitcoin’s MVRV ratio has reached +21%, placing the asset in a “mild danger zone” for profit-taking. At around $115,800, Bitcoin trades roughly 6% below its all-time high of $124,128.
The elevated MVRV indicates average investors are holding gains. Bitfinex analysts anticipate a consolidation phase due to a lack of fresh macro drivers. Traders are focusing on the US Federal Reserve’s September 17 rate decision for new catalysts.
Short positions on Bitcoin total about $2.2 billion, risking liquidation if prices retest record highs. Meanwhile, whale wallets holding 10–10,000 BTC continue to accumulate, signaling ongoing institutional confidence.
Overall, Bitcoin is likely to trade sideways in the near term as profit-taking pressures and mixed macro signals offset longer-term bullish expectations.
Neutral
The news highlights rising profit-taking risks as Bitcoin’s MVRV reaches +21% and price stalls 6% below its all-time high. Lack of fresh macro drivers points to a consolidation phase, while the Fed’s rate decision on September 17 may offer direction. Short positions totaling $2.2 billion face liquidation risk if BTC revisits highs. Against this, whale accumulation suggests underlying institutional confidence. Balancing these factors, Bitcoin is likely to trade sideways in the short term, leading to a neutral market impact assessment.