Short Term Holder MVRV
The Bitcoin price divided by the short term holder realized price.
Data & charts updated every hour - Get 10 seconds
The Real Bitcoin Dominance Index calculates Bitcoin's market share among proof-of-work coins attempting to be money. It excludes all ICOs, stablecoins, and other centralized projects.
The Real Bitcoin Dominance Index only includes coins using proof-of-work that are attempting to be money. It does not include ICOs or stablecoins.
The only coins included in TRBDI are:
The formula for The Real Bitcoin Dominance Index is:
Market Cap of Bitcoin / (Market Cap of Bitcoin + Market Cap of Coins on the above list)
Bitcoin Dominance excludes ICOs because they are each controlled and issued by a centralized entity and cannot act as hard money. Even if the ICO intends to be money, it cannot offer any improvement over the current fiat system of centralized banking and money printing.
Stablecoins act as on-ramps and off-ramps between fiat and cryptocurrencies and are just an extension of government-controlled fiat money. Since The Real Bitcoin Dominance Index tracks cryptocurrencies capable of becoming global money replacements, stablecoins are excluded because their value and purpose depend on fiat dollars.
The index matters because there is no easy way to see a cleaner view of Bitcoin dominance, that excludes stablecoins and the constant inflated market caps being added on other dominance tracking sites.
The Bitcoin price divided by the short term holder realized price.
Attempts to pinpoint Bitcoin's cycles based on on-chain data.
A rainbow chart based on the Bitcoin power law and time.