Vaulted MVRV
profit multiple against the hoard
How far the price sits above the cost basis measured against the coins that are NOT moving. It is the mirror of active MVRV: reliable near cycle lows and poor near peaks.
DefinitionPrice / vaulted realized price, where vaulted realized price = realized cap / vaulted supply.
LimitReliable near lows, poor at peaks. It also tracks plain MVRV very closely (r = 0.993 over all history), so it adds less than the pairing suggests. Being corrected: this is built on active or vaulted supply, which the pipeline derived from the coinblocks liveliness while the published liveliness is coin-days. The gap averages 74,759 BTC of active supply, a median of 0.8%. The rebuild onto coin-days is under way and this caveat retires with it.