BTC 指标

指标说明

BMO = f(MVRV, VWAP Ratio, CVDD Ratio, Sharpe Ratio)。其中：MVRV = Market Cap/Realized Cap；VWAP Ratio ≈ Price/Realized Price；CVDD Ratio = Price/CVDD Price；Sharpe = Annualized Return/Annualized Volatility。由于官方未公开具体算法，社区常用近似公式：BMO ≈ [Z(MVRV) + Z(Price/Realized Price) + Z(Price/CVDD) + Z(Sharpe)] / 4。其中：Z(x) = (x - μ)/σ。