Measures the premium that the market places on Bitcoin above its utility value (transaction volume). A high monetary premium indicates strong store-of-value demand.
Rising monetary premium suggests increasing adoption as a store of value rather than just a medium of exchange. Important for understanding Bitcoin's evolving role.
Bitcoin's price adjusted for monetary inflation (M2 money supply growth). Shows Bitcoin's real purchasing power value over time by removing the effects of currency debasement.
A composite indicator combining multiple pricing models to identify when Bitcoin has entered an unsustainably euphoric phase. Triggers when multiple independent models simultaneously signal overvaluation.
Active Value to Investor Value — a refined version of MVRV that adjusts for active supply and investor behavior. Provides a cleaner signal of market valuation by filtering out dormant and lost coins.
Realised HODL Ratio — compares the realised value of 1-week-old coins to 1-2 year-old coins. Measures the ratio between speculative and conviction capital in the market.