I think it would be interesting to compare inflation adjusted MV to different RC cohorts. Meaning, when there is a large RC impulse, these new buyers' sentiment is being weighed in their "inflation feeling" at the time of purchase. E.g. Oct 20 - Oct 21 sentiment is pricing 35% CPI impulse. Aug 23 - Aug 24 sentiment is pricing a 25% impulse.
Essentially saying the same thing as you've noted in the video/charts, but with added context that each cohort has an inflation-adjusted price that "feels good", regardless of the current inflation rate.
If this concept has legs, I think we should expect Long term holders to hold off heavy selling until they get closer to an inflation adjusted MVRV multiple. I.e. rather than 2-4x, we should see LTH selling at 3-6x (assuming 50% CPI contribution impulse for this cohort).
Swoldemort
npub10j…z5vrr
2024-09-10 12:20:28
in reply to nevent1q…rzwm
Author Public Key
npub10jp3zcwtd9s2jwqj3t9aamvdyzszpe58wck367vqu2z98a4xfvzquz5vrrPublished at
2024-09-10 12:20:28Event JSON
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