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.

How is it measured?

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

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