Bitcoin: Short Term Holder MVRV
Zoom in with touchscreen: Touch and hold with ONE finger then drag.
Zoom in on desktop: Left click and drag.
Reset: Double click.
Indicator Overview
Short-Term Holder MVRV (STH-MVRV) is MVRV that only analyses UTXOs younger than 155 days. As a result it is focussed only on shorter-term investors who are moving coins within a less than 155 days period.
What is MVRV? The ratio between Market Value (price multiplied by bitcoins in circulation) and Realized Value (the price of UTXO’s when they last moved onchain). You can learn more about MVRV here.
Short-Term Holder MVRV is useful as it can highlight when the market value of bitcoin is significantly higher or lower than the average cost basis for short-term market participants. Historically, these periods have coincided with $BTC being near its respective market highs and lows as shown on the chart above.
You May Also Be Interested In
Net Unrealized Profit/Loss (NUPL)
On-chain indicator for investor sentiment market stages
Realized Price
The aggregate cost-basis of all bitcoin.
Long Term Holder MVRV Z-Score
MVRV Z-Score focussing on short-term investors.
Make smarter decisions about Bitcoin. Instantly.
Access the Bitcoin and Global Macro Charts that really drive Bitcoin’s price.
+40 chart alerts. Never miss critical levels on charts again.
Analysis newsletter. Manage your emotions at market extremes.
Private Tradingview indicators. See Bitcoin chart levels in real time!
Cancel anytime.
Any information on this site is not to be considered as financial advice. Please review the Disclaimer section for more information.