MVRV ratio
MVRV — market value to realized value
What the market says the coins are worth, over what they last moved for.
Under 1 the network as a whole is holding at a loss. Above 3.7 has marked every cycle top so far — four data points, not a law. Drag to zoom · double-click resets
How this is built
What the market says the coins are worth, over what they last moved for.
FormulaMVRV = market cap / realized cap
AuthorMurad Mahmudov and David Puell
BitviewOn-chain metrics computed from a full node — MVRV, SOPR, realized price and the rest.
CoinGeckoPrice, market caps, all-time highs and dominance.
Blockchain.comFull-history market price used to backfill the long charts.
The indicator is Murad Mahmudov and David Puell's published idea, and Perly claims no authorship of it. Perly draws the chart from the data of the providers listed above, and that data remains theirs.
Price data: Powered by CoinGecko · Data provided by CoinMarketCap.com