---
title: "BTC · 52etf.net"
kind: "term"
url: "https://52etf.net/tags/btc/"
markdown_url: "https://52etf.net/tags/btc/index.md"
content_signal: "search=yes, ai-input=yes, ai-train=no"
---

# BTC — Markdown for Agents (term)
- **[2026-10-25] [BTC MVRV Z-Score 与 CBBI / BTI 周期复合指标 (MVRV & Composite Cycle Index)](https://52etf.net/05-crypto/btc-mvrv-cbbi/index.md)**
  - Summary: MVRV = Market Cap / Realized Cap | MVRV小牛顶经验位 2.2~2.3 / 大底 <1.0 | CBBI 9因子公开复合指数 (0~100分) 与 12因子周期复合指标拆解
  - Primary Source: https://charts.checkonchain.com/btconchain/unrealised/mvrv_all/mvrv_all_light.html
  - Backup Source: https://colintalkscrypto.com/cbbi/
  - Tags: `#Crypto` `#BTC` `#MVRV` `#CBBI` `#CVDD` `#NUPL` `#Puell Multiple` `#Pi Cycle` 
- **[2026-10-25] [BTC RHODL 比率 (Realized HODL Ratio 短期与中长期已实现价值比)](https://52etf.net/05-crypto/btc-rhodl-ratio/index.md)**
  - Summary: 公式: (1周Realized Cap HODL Wave / 1-2年Realized Cap HODL Wave) × 市场天数 | 阈值: <350历史积累区 / >50,000周期过热区 | 减半周期6~9个月横盘特征
  - Primary Source: https://www.bitcoinmagazinepro.com/charts/rhodl-ratio/
  - Backup Source: https://charts.bgeometrics.com/rhodl_1m_dark.html
  - Tags: `#Crypto` `#BTC` `#RHODL` `#HODL Waves` `#链上周期` `#已实现价值` 
- **[2026-10-25] [BTC URPD 链上筹码价格分布 (UTXO Realized Price Distribution)](https://52etf.net/05-crypto/btc-urpd-distribution/index.md)**
  - Summary: 统计流通BTC最后一次链上移动对应的价格桶分布 | 核心区分: ATH-Partitioned (含交易所归集噪音) vs Entity-Adjusted (实体调整后真实换手成本区)
  - Primary Source: https://charts.bgeometrics.com/distribution_realized_price_dark.html
  - Backup Source: https://docs.google.com/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit?usp=sharing
  - Tags: `#Crypto` `#BTC` `#URPD` `#UTXO` `#筹码分布` `#已实现价格` 
- **[2026-10-25] [BTC 链上手续费异常与费率 Z-Score (On-Chain Fee Regime & Z-Score)](https://52etf.net/05-crypto/btc-onchain-fee-regime/index.md)**
  - Summary: 公式: Fee Share = Fees / (Subsidy + Fees) | Fee Revenue 2Y Z-Score | 结构性分界: 2018-2022现货拥堵拐点 vs 2023后铭文/符文脉冲与现货ETF链下分流
  - Primary Source: https://charts.checkonchain.com/btconchain/adoption/feerevenue_zscore/feerevenue_zscore_light.html
  - Backup Source: https://charts.checkonchain.com/btconchain/adoption/feestotal_btc/feestotal_btc_light.html
  - Tags: `#Crypto` `#BTC` `#链上手续费` `#Fee Z-Score` `#矿工收入` `#区块空间`