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Metrics

MVRV

Market value vs cost basis — how much an address is up (or down)

Category: Metrics Also known as: 2 Related terms: 3

Definition

Market-Value-to-Realized-Value: today's BTC value of an address ÷ price-paid-when-coins-arrived. MVRV 1.5 = +50% on cost basis. >2.5 historically marks tops; <1 marks unrealized loss for that address.

Context anchor

1.5 = +50% paper-profit; 2.5+ = late-cycle territory; <1 = under water

Example

Address with MVRV 2.0 has doubled in market value vs original buy-cost

Also known as

mvrv ratiomarket-value-to-realized-value

Related terms

  • Realized PriceAverage BTC price paid when each coin was received (cost basis)
  • SOPRSpent-Output Profit Ratio — were sold coins in profit or loss?
  • HODL WavesHow long whales have held their coins, grouped by age band