What is Bitcoin MVRV today?

Bitcoin MVRV Ratio is currently 1.42 — Fair Value as of 2026-05-25.

How is Bitcoin MVRV calculated?

MVRV compares Bitcoin market value to realized value. Market value is the current market cap, while realized value prices each coin at the last price it moved on-chain, creating a cost-basis benchmark for the network.

What does MVRV below 1 mean?

MVRV below 1 means Bitcoin is trading below realized value, so the market is underwater on aggregate. Historically, that has aligned with deep undervaluation and late-stage bear-market conditions.

What does MVRV above 3.5 mean?

MVRV above 3.5 means aggregate unrealized profits are extremely elevated relative to cost basis. That zone has historically appeared near major cycle tops, when profit-taking pressure is strongest.

How often is the Bitcoin MVRV chart updated?

This live chart updates daily at 06:00 UTC. The latest available data point is 2026-05-25.

Where can I view a live Bitcoin MVRV chart?

This page provides a live Bitcoin MVRV chart with full historical context, BTC price overlay, valuation zones, and MVRV moving averages.

What is the difference between Bitcoin MVRV and NUPL?

MVRV compares market value to realized value, while NUPL measures unrealized profit versus unrealized loss across the network. Both track holder profitability, but they frame it with different denominators and interpretation layers.

How do analysts use MVRV in Bitcoin cycle analysis?

Analysts use MVRV to gauge whether Bitcoin is trading below, near, or far above aggregate cost basis. It is commonly paired with NUPL, realized price, SOPR, and long-term holder metrics to evaluate cycle extremes and trend maturity.

Bitcoin MVRV Ratio — Live Chart & Historical Analysis

BTC Price MVRV SMA 30d SMA 90d SMA 365d Undervalued <1 Fair Value 1–2 Overvalued 2–3.5 Extreme >3.5