Unrealised MVRV Bycycle MVRV Bycycle
Bitcoin
MVRV_STH By Cycle overlays the Short-Term Holder MVRV across historical market cycles for comparison.
Why it matters
It shows how the current recent-buyer valuation compares to the same phase of prior cycles.
How it is built
STH-MVRV paths from each cycle are aligned (e.g. from halving or cycle low) and plotted together.
What to watch
Cross-cycle comparison helps judge whether recent buyers are early, mid, or late relative to historical analogues.