Fresh onchain fundamentals research is live, today we're focusing on the MVRV ratio for Bitcoin.
This is one of the oldest and most popular metrics, but is massively underutilised relative to its potential.
Strong recommend to learn how to read the MVRV, and assign probabilities to particular values.
what’s the TLDR ?
TLDR is that one can get outsized edge by understanding just a few metrics.
How reliable is the RV in MVRV? Given that a large quantity of bitcoin sits in exchanges, it's gotta be hard to fully determine RV. I expect you are undercalling MVRV because you're estimating RV to the downside.
