**Bitcoin Market Analysis: Positive Indicators and Future Outlook**

**MVRV Ratio (STH_MVRV):**

The MVRV Ratio, a fundamental metric in Bitcoin analysis, reveals that Bitcoin's price remains above the average cost basis of short-term holders. This is essential for maintaining a bullish outlook and attracting new capital inflows into the market.

**Profitability of Holders:**

Short-term holders (under six months) and new market participants (under one month) are showing profitability, with average profits of 5% and 7.5%, respectively. This return of short-term investment profitability is a positive sign for market sentiment.

**Spent or Transferred Bitcoins (SOPR%):**

The SOPR metric indicates that most Bitcoins spent or transferred are in profit, suggesting an overall market recovery. This aligns with historical Bitcoin price cycles, emphasizing the importance of price stabilization.

**Current Market Conditions:**

The key question is whether the price can sustain this recovery phase or if liquidity exits will occur at breakeven levels. Preserving Bitcoins and avoiding hasty decisions is advisable, as future price behavior depends on sustained stabilization above the average cost basis of short-term investors.