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.
​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.
MVRV=Market CapRealized Cap\textrm{MVRV}=\frac{\textrm{Market Cap}}{\textrm{Realized Cap}}MVRV=Realized CapMarket 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​

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Last updated 2 years ago