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STH MVRV

STH profit ratio

PropertyValue
CategoryValuation Metrics
UnitDimensionless
Resolution1d
AssetsBTC
TierBasic
API EndpointGET /v1/holder/valuation
Fieldsth_mvrv

Overview​

STH MVRV (Market Value to Realized Value) measures the ratio between Bitcoin's current market price and the average cost basis of Short-Term Holders. LTH/STH classification uses the logistic weighting function centered at 155 days.

Formula​

STH MVRV=Market PriceSTH Realized Price\text{STH MVRV} = \frac{\text{Market Price}}{\text{STH Realized Price}}

Interpretation​

  • MVRV > 1: Recent buyers are in profit. Values significantly above 1 indicate euphoric conditions.
  • MVRV < 1: Recent buyers are underwater. This creates selling pressure as holders capitulate.
  • STH MVRV oscillates more frequently around 1 compared to LTH MVRV, making it useful for shorter-term signals.

Use Cases​

  • Short-term trend signals: STH MVRV crossing above/below 1 often marks local trend changes.
  • Capitulation detection: STH MVRV dropping significantly below 1 signals panic selling.
  • Momentum assessment: Track the speed and magnitude of STH MVRV changes for momentum signals.

API Usage​

curl -H "Authorization: Bearer YOUR_API_KEY" \
  "https://api.blocklens.co/v1/holder/valuation?start_date=2024-01-01&end_date=2024-12-31&limit=365"