进一步研究结果总体符合直觉，随着剔除远期筹码的不断递进，#BTC: MVRV 插破最下方线的程度越深
有意思的是，剔除持币5年以上筹码的MVRV插破最下方线的程度反而减弱了，这或许说明过度追求剔除效果反而会适得其反

4年滚动时间窗口的 std-adjusted MVRV 的 -1 标准差（最下方线）确实 $6w 这波被扎破
如果使用剔除持币 >10y/7y/5y 筹码的 MVRV，也许会有更细致入微的效果，值得进一步研究

CryptoChan

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Further research generally aligns with intuition: as the removal of long-term holdings progresses, #BTC: MVRV breaks below the lower bound more deeply. Interestingly, removing holdings held for more than 5 years actually reduces the extent to which MVRV breaks below the lower bound, suggesting that excessively pursuing a high removal rate can be counterproductive.

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