AVIV
Bitcoin
The AVIV Ratio compares price to the Active Value Invested — the cost basis of active supply — a lost-coin-filtered refinement of MVRV.
Why it matters
It measures how expensive the market is versus capital actively at risk, giving a cleaner cycle signal.
How it is built
Active market value is divided by active invested (realized) value using cointime weighting.
What to watch
AVIV extremes mark sharper tops and bottoms than raw MVRV by excluding dormant and lost coins.
Measured on this chain
AVIV on Bitcoin last read 1.1 on Sep 24, 2026, a change of +6.34% over 30 days, ranging from 0.7639 (Jun 30, 2026) to 1.85 (Nov 21, 2024).
- Latest reading
- 1.1
- Sep 24, 2026
- Change
- 1d +0.01%
- 30d +6.34%
- 90d +40.36%
- 1y -23.71%
- Range
- Low 0.7639·Jun 30, 2026
- High 1.85·Nov 21, 2024
- Coverage
- Jul 17, 2024 — Sep 24, 2026
- 800 readings
| Date | Value |
|---|---|
| Sep 13, 2026 | 1 |
| Sep 14, 2026 | 1.02 |
| Sep 15, 2026 | 0.986 |
| Sep 16, 2026 | 0.9922 |
| Sep 17, 2026 | 0.9964 |
| Sep 18, 2026 | 1.05 |
| Sep 19, 2026 | 1.06 |
| Sep 20, 2026 | 1.06 |
| Sep 21, 2026 | 1.13 |
| Sep 22, 2026 | 1.12 |
| Sep 23, 2026 | 1.1 |
| Sep 24, 2026 | 1.1 |
Read from our own stored series, not quoted from a page.