The MVRV by Age metric is a nuanced version of the Market Value to Realized Value (MVRV) ratio, which compares the market capitalization (the current market value) to the realized capitalization (the value when the coins last moved). The MVRV by Age metric categorizes digital assets into different age cohorts, providing an aggregate assessment of the Unrealized Profit or Loss held across varying age groups.

This metric focuses on the constituents of the Short-Term Holder cohort, namely the 1d-1w, 1w-1m, 1m-3m and 3m-6m subsets.