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.
STH-MVRV=Market Cap (of all UTXOs where age < 155 days)Realized Cap (of all UTXOs where age < 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)}}}}STH-MVRV=Realized Cap (of all UTXOs where age < 155 days)Market Cap (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​

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Last modified 4mo ago