Bitcoin MVRV Ratio

Nov 16,2023
BTC current MVRV ratio is 1.37,Theoretically, MVRV values over '3.7' indicated price top and values below '1' indicated price bottom. Current MVRV: 1.37 Current BTC Price: $37593.78 BTC Price(24H%): 5.73% (The above content is for your reference only and does not constitute investment advice. Invest at your own risk.)
The ratio of coins Market Cap to its Realized Cap (MVRV) indicates whether the price is overvalued or not. Market Cap is the market value of asset, and Realized Cap represents aggregate market cost basis. Historically, values over '3.5' indicated price top and late bull cycles, and values below '1' signaled price bottom and market capitulation.