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Pricing Models

Inflation Adjusted Price

What Is Inflation Adjusted Price?

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.

How to Interpret

Useful for long-term investors to assess real returns. Bitcoin's inflation-adjusted performance may differ significantly from nominal price performance during periods of aggressive monetary expansion.

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More Pricing Models Metrics

Mayer Multiple

The ratio of Bitcoin's price to its 200-day moving average. Created by Trace Mayer. A simple but effective measure of whether Bitcoin is overextended or undervalued relative to its longer-term trend.

LTH Realised Price

The average acquisition cost of Long-Term Holders (coins held for more than 155 days). Represents the conviction price of patient, long-term investors.

True Market Mean

An enhanced version of the Realised Price that adjusts for lost coins and very old UTXOs. Provides a more accurate representation of the active market's aggregate cost basis.

MVRV Ratio

Market Value to Realised Value — the ratio between Bitcoin's market cap and its realised cap. Measures whether Bitcoin is overvalued or undervalued relative to the aggregate cost basis of all holders.

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