The Proximity Premium is an indicator that shows the relation between the spot price and the Proximity Realized Price. It is analogous to an MVRV Z-score, but normalized by the 30d price volatility. The Proximity Premium provides a normalized gauge of over- or under-valuation that's comparable across market cycles and across assets. This makes it useful for cross-asset screening and for tracking valuation shifts through changing volatility regimes.

This metric was first introduced by Fountainhead Digital.