Definition. Proximity Premium is an indicator that shows the relation between the spot price and the Proximity Realized Price, providing a normalized gauge of over- or under-valuation comparable across market cycles and across assets.

Technical. Analogous to an MVRV Z-score, but normalized by 30-day price volatility. Useful for cross-asset screening and for tracking valuation shifts through changing volatility regimes.

Notes. First introduced by Fountainhead Digital.