BTC indicators

MVRV Ratio

MVRV compares market value with realized value to understand how far price is from on-chain cost basis.

MVRV Ratio

MVRV = Market Value / Realized Value. It helps observe whether most holders are in profit or loss.

Latest date2025/01/01MVRV2.20Zone readingNormal observation zone; review it with your DCA plan
0.5123.520112013201520172019202120232025Cost line 1.0Hot line 3.5
MVRV daily metricCost lineHot line

Using local cycle points; the page updates after loading. Data source: Coin Metrics Community API CapMVRVCur metric. This chart is for learning valuation zones only and is not investment advice.

What it means

MVRV compares market value with realized value to understand how far price is from on-chain cost basis.

MVRV = Market Value / Realized Value. It helps observe whether most holders are in profit or loss.

How to read it

  • < 1: low or loss zone
  • 1 - 3: normal observation zone
  • > 3.5: overheated sentiment

Limitations

It depends on on-chain data methodology and should not be used alone.

Formula

MVRV = Market Value / Realized Value. It helps observe whether most holders are in profit or loss.

How to use

  • Check whether price is far above on-chain cost.
  • Low readings do not guarantee a bottom.
  • High readings require heat-risk awareness.

Chart data

How to read itLimitations
< 1: low or loss zoneIt depends on on-chain data methodology and should not be used alone.
1 - 3: normal observation zoneIt depends on on-chain data methodology and should not be used alone.
> 3.5: overheated sentimentIt depends on on-chain data methodology and should not be used alone.

FAQ

Limitations

It depends on on-chain data methodology and should not be used alone.