Cryp2Nova

Cointime Pricing MVRV Active 1 Pricing MVRV Active 1

Bitcoin

Active Realized Price is the cost basis of economically active (non-vaulted) coins; Active MVRV divides market price by it.

Why it matters

They value the market against only the supply that realistically participates, filtering out dormant coins.

How it is built

Realized price is computed over active supply only; Active MVRV is market price divided by this active realized price.

What to watch

Active MVRV gives cleaner cycle signals than raw MVRV by excluding lost and long-vaulted coins that distort the cost basis.

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