Bitcoin MVRV Ratio

Sept 23,2022
According to KingData monitoring, BTC current MVRV ratio is 0.91, theoretically the price is at bottom, marking late stage bear market accumulations. BTC is currently quoted at $19129.0, 24h change is -0.24%. (The above content is for reference only and does not constitute investment advice.)
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.