Introducing the Market-Value-to-Long-term-holder-Value (MVLV) and Market-Value-to-Illiquid-Value (MVIV) Bands on-chain metrics

Defining money

The most saleable good to transfer value across space…

Modeling the bitcoin price based on the value of all coins when they last moved on-chain

Realized Value

A reflection on Bitcoin’s four-year market cycle — and how a healthy block space market will eventually kill it for its own good

Image source

A simple indicator to visually assess Bitcoin price (ab)normality in its historical context


Fascinated by #Bitcoin’s on-chain data, 4-year cycle & potential as the base-layer of an optimistic, sound future. Focus on the signal, ignore the noise.

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