In addition, the Bitcoin Short Term Holders (STH) MVRV indicator has fallen from its highs of $98000 and $1.35 to the average level, indicating that short-term holders have begun to take profits. Normally, if the STH MVRV index exceeds 1.30-1.35, it means the market is overheated and often triggers selling behavior. The decline in indicators indicates that some short-term holders have withdrawn from their positions. Returning to the average level marks the end of the local overheating phase. After market overheating and profit taking, if demand still exists, the market usually enters a sideways consolidation stage. If the STH MVRV index drops below 1.0, it may indicate the formation of a local bottom. In January 2024, the indicator's decline to the average level (similar to the current situation) is enough to stimulate the market to generate new upward momentum. At present, market dynamics are strongly influenced by Trump's political decisions. If there are no negative triggering factors, new upward momentum may form. (Currently, tariffs may be counted as one) So far, the market has remained above $89000, and holders continue to buy when the price approaches $90000. This is actually a consolidation driven by fear of missing out (FOMO), and after consolidation, it may trigger the next round of gains.