STH-MVRV

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

Indicator Overview

Short Term Holder MVRV (STH-MVRV) is MVRV that takes into account only UTXOs younger than 155 days and serves as an indicator to assess the behaviour of short-term investors.

• View STH-MVRV in Glassnode Studio

• View STH-MVRV in Glassnode API Docs

How is it measured?

STH-MVRV is calculated by taking the MVRV value only for UTXOs younger than 155 days.

$$\textrm{STH-MVRV}=\frac{\textrm{Market Cap}~{\color{gray}{\textrm{(of all UTXOs where age < 155 days)}}}}{\textrm{Realized Cap}~{\color{gray}{\textrm{(of all UTXOs where age < 155 days)}}}}$$

About

Introduced By

Glassnode

Date Introduced

March 2020

Further Resources

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