A2VR (Activity to Vaulting Ratio) reads the balance between the economically active share of supply and the vaulted share, plotted so that equal stretch either side of its balance point looks equal. It comes from the cointime framework.

It is closely tied to Liveliness, and being straight about how closely is the most useful thing this page can do. The two are not independent readings of the market, and treating one as confirmation of the other is a mistake.

What it actually measures

Supply divides into a part behaving as though it is for sale and a part behaving as though it is not. A2VR expresses the relationship between those two halves, so the reading says which side is larger and by how much.

Parity is the line where the two halves match. Underneath it storage has the upper hand, which is where this market has sat for the great majority of its life. Above it the trading half outweighs the stored half, a condition that has been uncommon and short-lived.

It ranks identically to Liveliness, and that is fine

A2VR preserves the order of Liveliness, so the two rank the market the same way on every day of history. Their positions within their own ranges are the same reading twice, and a chart showing both agreeing is not two pieces of evidence.

What A2VR adds is a landmark. Liveliness has no natural point at which anything meaningful happens, while A2VR has one: the level where active and vaulted supply are exactly equal. That gives the reading an absolute reference rather than a purely historical one, which is worth having and is the whole contribution.

What it does not tell you

It offers no independent confirmation of anything Liveliness says. If you are counting indicators that agree, this one does not count twice, and a case built on the pair is a case built on one measure.

Price is outside what it can see. A market where more supply is active than stored is a market with a looser float, and a loose float has no direction of its own. It amplifies whatever demand arrives, either way.

Because the balance point is an absolute level rather than a historical one, it does not adapt. If the structure of holding changes over a long enough horizon, the level stays where it is while what it means drifts.

How to read it

Elevated. High against everything on record, so the trading half has swollen unusually. The mark of distribution.

Mid-range. Neither extreme. The balance sits in its ordinary band and is describing background conditions.

Subdued. Low against everything on record, with the coin sitting in storage. Historically the buying end.

A2VR lives on the Dormancy dashboard among Liveliness, Vaultedness and Active vs Vaulted Supply.

Common questions

What does the balance point mean in practice?

That the trading half and the stored half match. Underneath it storage has the upper hand, which is where this market has sat for most of its life.

Does it tell me anything Liveliness does not?

One thing. It has an absolute reference point where the two halves of supply are equal, and Liveliness has no equivalent. Its ranking of history is the same.

Should agreement between them count as confirmation?

No. They rank the market identically, so agreement is automatic rather than informative.

Why is it plotted the way it is?

So that stretch above and below the balance point looks equal. Without that, one direction would appear far more dramatic than the other for no good reason.

What pairs well with it?

Something built from different data. Vaultedness and Liveliness are the same family, so reach for a spending or valuation measure instead.