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Bitcoin MVRV Z-Score

The market-versus-realized value gap in historical context.

By Axel Adler Jr. · Updated

Bitcoin MVRV Z-Score today

0.79 is Bitcoin’s MVRV Z-Score for . Market value is $1.56T, $475.82B above realized value. The 0 and 7 lines are interpretation guides, not price targets.

MVRV Z-Score · Last 30 days
Min 0.76 · Max 1.08
MVRV Z-Score
0.79
BTC close
$77,454Daily close
Market cap
$1.56TUSD
Realized cap
$1.09TUSD
Value gap
$475.82BMarket less realized cap

Bitcoin MVRV Z-Score chart

BTC priceMVRV Z-Score

BTC price: daily close, UTC · Market and realized cap: on-chain data

Readings

Recent readings

DateMVRV Z-Score
0.88
0.90
0.82
0.76
0.78
0.79
0.76
0.79
Guide

How to read Bitcoin MVRV Z-Score

What it measures

MVRV Z-Score measures how far market value sits above or below realized value, compared with how much market value has varied in the past.

How to read it

Above 0, market value is above realized value; below 0, it is below. Readings near 7 have been rare and stretched. Each point uses only the history available up to that day.

Limitations

Early history has few data points, so readings from the first year are unstable. Other sites use different price histories, so their values can differ. No level guarantees a turn.

What the history shows

  • Apr 9, 2013: highest MVRV Z-Score since Jan 1, 2011, 12.79.
  • Oct 19, 2011: lowest MVRV Z-Score since Jan 1, 2011, −0.89.
  • The latest period below 0 was Nov 6, 2022 to Jan 12, 2023: 68 daily closes.
  • Aug 16, 2010 to Nov 3, 2026: 99 of 5,924 daily readings (1.67%) were above 7.
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FAQ

Bitcoin MVRV Z-Score, explained

What is Bitcoin’s MVRV Z-Score today?

0.79 on Nov 3, 2026. Market value is above realized value.

What is a good MVRV Z-Score to buy?

No score guarantees a profitable entry. Zero separates market value below and above realized value; seven is an upper comparison guide.

Why can historical Z values differ between sites?

Each point here uses only the capitalization history available through that date. Other histories or calculation choices can change the comparison in either direction.

How often is the Bitcoin MVRV Z-Score chart updated?

Once a day, after the UTC day closes. The date of the latest value is shown at the top of the page.

What history does the Bitcoin MVRV Z-Score chart cover?

The chart covers Aug 16, 2010 to Nov 3, 2026. Gaps are not filled with estimates.

Read this with

Valuation models
MVRV RatioMarket value vs realized value: how far price sits above the average cost basis.Support / ResistanceThe daily close against four holder cost-basis levels.NUPLNet unrealized profit or loss held across all coins, as a share of market cap.Mayer MultiplePrice divided by its 200-day simple average.
Adler 💎 Insight

Which readings agree this week?

  • How does price compare with holder cost basis?
  • Which changes deserve a closer look?
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