# MVRV Ratio

MVRV (market-value-to-realized-value) ratio is a ratio of an asset's market capitalization to its realized capitalization.

# Indicator Overview

MVRV (market-value-to-realized-value) ratio is, as the name suggests, a ratio of an asset's market capitalization to its realized capitalization.

By comparing these two metrics, MVRV can be used to get a sense of when price is above or below "fair value", thereby helping to spot market tops and bottoms.

# How is it measured‌

MVRV is calculated by dividing an asset's market cap by its realized cap.

$\textrm{MVRV}=\frac{\textrm{Market Cap}}{\textrm{Realized Cap}}$