Bitcoin network
Bitcoin MVRV ratio
Bitcoin’s market value divided by the value at which coins last moved on-chain.
1.40
24h −0.007d −0.0330d −0.12
Low Data as of 2026-11-07
Trend
Drag the chart left to load earlier history.
Range statistics
30-day high
1.56
30-day low
1.40
30-day average
1.49
Position in 30-day range
3%
90-day high
1.62
90-day low
1.19
90-day average
1.47
Position in 90-day range
14%
What it measures
MVRV compares the current market cap with the aggregate cost basis of all holders (realised cap). Data from Coin Metrics.
How to read it
Readings above about 3 have historically marked overheated markets near cycle tops; readings below 1 have marked deep value near bottoms.
Source: Coin Metrics