> For the complete documentation index, see [llms.txt](https://glossary.bshare.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://glossary.bshare.io/metrics/mvrv-bilmvrv-ratio/chang-qi-chi-you-zhe-mvrv-billthmvrv-ratio.md).

# 長期持有者-MVRV比率｜LTH-MVRV ratio

## 指標概念

長期持有者－MVRV比率是只計算155(天或更久)的 UTXO ，作為評估長期投資者(Long term holders)行為的指標的 MVRV。

![圖片來源：glassnode](https://lh3.googleusercontent.com/YnCtcvHELl8lCOQZ-UQQCjeZRFqXzygoHIinNzC_LUmYzmxZdoqfX0Qgn1EN9zx_a2EUMvZgKgkJJ8cpRKWtf574HJzW_ly97fmiPQ24JprgXtc08lD1cM23tWZCNomFO5KXEV_U)

## 指標如何衡量、計算？

![](https://4282416036-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlHg3VcMfTfhN5m2FE6cB%2Fuploads%2FB9u19ZIizReelbM2RcRJ%2Fimage.png?alt=media\&token=8daa730e-69a5-492c-8916-361497729431)