MVRV
Market value to realised value
Is price high versus what holders paid?
Today’s reading loads with the page.
MVRV divides bitcoin’s market value by the average price at which today’s coins last moved. Near 1, the market is close to that cost. Readings above about 3.5 have shown up late in past cycles. It votes in the heat score: a higher rank against its own past raises heat.
This reading votes in the heat score. A hotter rank against its own past raises the 0–100 score.