Bitcoin
Short-term holder MVRV
Short-term holder MVRV
The price against what short-term holders paid — 1 is their break-even, the line bull markets hold and bear markets lose.
Short-term holders are the coins that moved in the last 150 days — the newest money. Every top has stretched the ratio to about 1.3; under 1 the newest buyers are underwater. Drag to zoom · double-click resets
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How this is built
The price against what short-term holders paid — 1 is their break-even, the line bull markets hold and bear markets lose.
FormulaP / realized price(age < 150ₔ)
AuthorGlassnode
The idea and the formula are Glassnode's. Perly claims no authorship of it — what is ours here is the drawing, computed from public data.