The SLRV Ratio shows the percentage of Bitcoin in existence, that was last moved within 24 hours, divided by the percentage that was last moved between 6-12 months ago.

• When the ratio is high, it suggests there is a lot of short-term transactional activity versus long-term holding. This can be indicative of relative hype/adoption in the near-term.

• When the ratio is low it suggests there is little short-term activity and interest in Bitcoin and/or a growing base of larger than normal longer-term holders.

Applying these ribbons to SLRV allows us to identify positive and negative trends, which have also historically identified [market transitions] between risk-on and risk-off allocations to Bitcoin accordingly.

Description by metric author, Capriole Investments

Coined By

Capriole Investments in their Newsletter #23, September 2022