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.

Note: The breakdown metrics utilize an address-based approach, analyzing transactions and holdings based on individual wallet addresses to facilitate comparability across digital assets and to ensure consistent analysis across various blockchain architectures. This contrasts with the alternative UTXO-based approach for chains like Bitcoin, where unspent transaction outputs are analyzed to categorize asset properties. As such, metrics for UTXO-based assets may show slight deviations if compared across these different computational methods.