Where to look at the Bitcoin MVRV indicator? Where is the best place to see?
- Patricia ArquetteOriginal
- 2025-03-04 10:18:01401browse
Interpretation and viewing methods for Bitcoin MVRV indicators
The Bitcoin MVRV indicator is a key indicator for evaluating Bitcoin market sentiment and value. It judges whether Bitcoin is overvalued or undervalued by comparing the market value and actual value of Bitcoin, thereby helping investors evaluate bubble risk and potential price reversal points. So, how should investors view Bitcoin MVRV indicators?
Bitcoin MVRV indicator viewing platform
Multiple cryptocurrency data platforms provide Bitcoin MVRV indicator data. The calculation formula of MVRV indicator is: MVRV = market value / actual value. Among them, the market value is the current price multiplied by the number of Bitcoins in circulation; the actual value is the weighted average transaction price of each Bitcoin in all historical transactions.
- MVRV > 1: The market value is higher than the actual value, the market may overheat, there is a bubble risk, and the price may pull back.
- MVRV ≈ 1: The market value is close to the actual value, the market is relatively healthy, and the price is reasonable.
Recommended viewing platform:
The following platforms provide Bitcoin MVRV indicator data, each with its advantages and disadvantages:
- CryptoQuant: Provides on-chain data and market analysis, including MVRV indicators, some data are free, and advanced functions are subject to payment.
- Glassnode: Professional on-chain data analysis platform, providing a variety of bitcoin on-chain indicators, including MVRV, which can be found in the "Indicators" section.
- TradingView: A popular technical analysis platform, although it does not include MVRV by default, can be added by installing a custom metric script.
- Santiment: Provides on-chain data and sentiment analysis of cryptocurrency, including MVRV metrics, and is available in free and paid versions.
- IntoTheBlock: Provides a variety of on-chain data, including MVRV metrics, presented in an easy-to-understand graph form.
Precautions for using MVRV indicators:
While these platforms provide MVRV indicator data, investors should not rely solely on a single indicator for investment decisions. It is recommended to combine other market data and technical analysis to comprehensively judge the market conditions to avoid investment losses caused by information deviations. Advanced data and historical analytics capabilities for some platforms may require a paid subscription.
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