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LTH-MVRV

LTH-MVRV serves as an indicator of fair value, as assessed by the behaviour of long-term investors.

Indicator Overview

Long Term Holder MVRV (LTH-MVRV) is MVRV that takes into account only UTXOs as old as or older than 155 days and serves as an indicator to assess the behaviour of long-term investors.
Bitcoin: LTH-MVRV

How is it measured?

LTH-MVRV is calculated by taking the MVRV value only for UTXOs as old as or older than 155 days.
LTH-MVRV=Market Cap (of all UTXOs where age ≥ 155 days)Realized Cap (of all UTXOs where age ≥ 155 days)\textrm{LTH-MVRV}=\frac{\textrm{Market Cap}~{\color{gray}{\textrm{(of all UTXOs where age ≥ 155 days)}}}}{\textrm{Realized Cap}~{\color{gray}{\textrm{(of all UTXOs where age ≥ 155 days)}}}}

About

Introduced By

Glassnode

Date Introduced

March 2020

Further Resources