Chart
Bitcoin on-chain metric
MVRV
Updated: 2026-06-30 02:10 UTC
Metric context
MVRV
Definition
Definition
MVRV compares Bitcoin Market Cap to Realized Cap.
How to read it
Reading context
High MVRV values indicate that market value is far above aggregate realized value. Low values indicate compression toward, or below, the market’s on-chain cost basis.