Bitcoin MVRV Ratio Chart
Market Value to Realized Value - A key metric for Bitcoin market cycles
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Current MVRV
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24h Change
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7d Change
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What does this mean?
The MVRV ratio helps identify when Bitcoin's exchange traded price is above or below "fair value".
- MVRV > 3.7: Historically indicates market tops (extreme overvaluation)
- MVRV > 2.4: Suggests the market is entering overvalued territory
- MVRV = 1.0: Market price equals realized price (fair value)
- MVRV < 1.0: Suggests the market is undervalued (most holders at a loss)