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.

• ​View MVRV in Glassnode Studio​

• ​View MVRV in Glassnode API Docs​

How is it measured‌

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

About

Created By

​Murad Mahmudov and David Puell​

Date Created

October 2018

Further Resources

Murad Mahmudov and David Puell - Bitcoin Market-Value-to-Realized-Value (MVRV) Ratio​

Willy Woo - Bitcoin MVRV Ratio​