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.

• View LTH-MVRV in Glassnode Studio

• View LTH-MVRV in Glassnode API Docs

How is it measured?

LTH-MVRV is calculated by taking the MVRV value only for UTXOs as old as or older than 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

Rafael Schultze-Kraft - Breaking up On–Chain Metrics for Short and Long Term Investors