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MVRV Ratio

Compares Bitcoin market value to realized value.

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Valuation

Recent MVRV trend

1.25

Updated Jul 22, 2026

What is MVRV Ratio?

MVRV compares market capitalization with realized capitalization. It is commonly used to estimate whether Bitcoin is trading at a premium or discount to aggregate holder cost basis.

How to read it

Higher values can indicate stronger unrealized profits, while lower values can suggest stress or accumulation conditions.

Recent data

NoDateValue
1Jul 22, 20261.25
2Jul 21, 20261.25
3Jul 20, 20261.21
4Jul 19, 20261.22
5Jul 18, 20261.21
6Jul 17, 20261.19
7Jul 16, 20261.22
8Jul 15, 20261.22
9Jul 14, 20261.18
10Jul 13, 20261.19
11Jul 12, 20261.2
12Jul 11, 20261.21
13Jul 10, 20261.2
14Jul 9, 20261.18
15Jul 8, 20261.18
16Jul 7, 20261.19
17Jul 6, 20261.19
18Jul 5, 20261.18
19Jul 4, 20261.18
20Jul 3, 20261.16
21Jul 2, 20261.13
22Jul 1, 20261.11
23Jun 30, 20261.12
24Jun 29, 20261.13
25Jun 28, 20261.13
26Jun 27, 20261.13
27Jun 26, 20261.13
28Jun 25, 20261.16
29Jun 24, 20261.17
30Jun 23, 20261.18