Cryp2Nova

MVRV USD 365d

Bitcoin

MVRV USD is the ratio of Bitcoin's market value to its realized value, smoothed over a rolling window.

Why it matters

It measures aggregate holder profitability and whether the market is over- or under-valued.

How it is built

Market cap is divided by realized cap and averaged over the given window to reduce noise. This particular series is measured over the 365D window.

What to watch

Above 1 the average holder is in profit; extremes mark cycle tops and undervalued bottoms.

Measured on this chain

MVRV USD 365d on Bitcoin last read 0.9415 on Aug 24, 2026, a change of +26.93% over 30 days, ranging from 0.6402 (Feb 5, 2026) to 1.48 (Nov 21, 2024).

Latest reading
0.9415
Aug 24, 2026
Change
1d +1.43%
30d +26.93%
90d +15.09%
1y -18.51%
Range
Low 0.6402·Feb 5, 2026
High 1.48·Nov 21, 2024
Coverage
Jul 19, 2024Aug 24, 2026
767 readings
Recent readings
DateValue
Aug 13, 20260.7522
Aug 14, 20260.7479
Aug 15, 20260.7492
Aug 16, 20260.7474
Aug 17, 20260.7679
Aug 18, 20260.7707
Aug 19, 20260.8263
Aug 20, 20260.8717
Aug 21, 20260.9343
Aug 22, 20260.92
Aug 23, 20260.9283
Aug 24, 20260.9415

Read from our own stored series, not quoted from a page.

Related metrics

MVRV USD 365d — Bitcoin · Cryp2Nova