Plan ₿ Forum 2026 · Lugano · Oct 23–24
21 BTC

Bitcoin MVRV and realized price

1.54
MVRV
$53,455
Realized price
1.69
LTH MVRV
1.10
STH MVRV

Values for 2026-10-15 · source: bitcoin-data.com (free tier, ~7 days delayed) · pulled 22 Oct 2026, 20:15 London · chart: last 365 days

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How to read it

MVRV compares today's price with the average price coins last moved at. LTH means long-term holders (coins unmoved for 155+ days), STH short-term holders. When STH MVRV is below 1, recent buyers are on average at a loss; a high LTH MVRV means old holders sit on large paper gains. It describes the market's state, it is not a forecast.

FAQ

What is realized price?
The average price at which every coin last moved on the blockchain. Roughly, the average cost basis of all coins in the network.
What is MVRV?
Market value divided by realized value. Above 1 means the market price is above the average price coins last moved at; below 1 means under it.
Can MVRV call tops or bottoms?
There is no guarantee. Historical levels may not repeat. Not investment advice.

All on-chain metrics → · Fear & Greed →