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Bitcoin Valuation

MVRV · NUPL · Realized Price · bitcoin-data.com · 2Y

MVRV

1.21

NUPL

0.176

Realized Price

$52,271
USD

MVRV (Market Value / Realized Value) – the ratio of market value to the average acquisition price of coins. Values > 3.7 have historically marked cycle tops, < 1 bottoms.

NUPL (Net Unrealized Profit / Loss) – how much unrealized profit or loss the market is holding. > 0.75 = euphoria, < 0 = capitulation.

Realized Price – the average price at which coins last moved on-chain. It often acts as the floor of a bear market.