Lifespan Coinday Nvtrvt Coinday Nvtrvt
Bitcoin
This computes the aggregate coinday-weighted NVT and RVT ratios.
Why it matters
It assesses aggregate valuation relative to coinday-weighted transfer value.
How it is built
Market/realized value is divided by coinday-weighted transfer volume for the cohort.
What to watch
It refines NVT/RVT by weighting activity by holding time, sharpening the valuation-versus-usage read.