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Pricing Models

RHODL Ratio

What Is RHODL Ratio?

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.

How to Interpret

High RHODL values indicate speculative frenzy and potential cycle tops. Low values indicate long-term holder dominance and potential cycle bottoms.

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More Pricing Models Metrics

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.

AVIV Ratio

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.

Monetary Premium

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.

Euphoria Zone

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.

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