On May 15, CryptoQuant analyst Axel posted on social media that the current market value to Realized Value (MVRV) indicator for Bitcoin short-term holders (STH) is 1.09. The first wave of significant selling pressure is expected to appear around 1.25 (target price Technologies $118,000), and stronger selling pressure may appear at 1.35 (Technologies $128,000). According to the current average daily growth rate, STHMVRV may reach 1.25 in early June and 1.35 at the end of the month.