CryptoQuant User Guide
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  • CryptoQuant数据使用指南
  • 为何市场主体很重要?
  • 15大预置图表⭐
  • Quick Start
    • 巨鲸抛售
    • 矿工售币
    • 巨鲸囤币
    • 大额场外交易
    • 买卖压力
    • 市场趋势
    • 市场情绪
  • Market Indicators
    • MVRV比率
    • 预估杠杆率
    • 稳定币供给比率
  • Network Indicators
    • NVT比率
    • NVT黄金交叉
    • 普尔倍数
    • 存量产量比
    • 存量产量比的回归
    • NVM比率
  • Flow Indicators
    • 交易所巨鲸比率
    • 资金流动比率
    • 稳定币比率
    • 矿工持仓指数
  • Market Data
    • 未平仓量
    • 资金费率
    • 接受者买卖成交量/比率
    • 市值模型
  • Fund data
    • 灰度比特币信托(GBTC)
      • GBTC数字资产持仓
      • GBTC溢价或折扣
  • 灰度以太坊信托(ETHE)
    • ETHE数字资产持仓
    • ETHE溢价或折扣
  • Exchange Flows
    • 交易所储备
    • 交易所流入/流出与净流入
    • 交易所地址数量
    • 交易所交易笔数
  • Stablecoin Exchange Flows
    • 稳定币交易所储备
    • 稳定币交易所流入/流出与净流入
    • 稳定币交易所地址数量
    • 交易所稳定币交易笔数
  • Miner Flows
    • 矿工流出量
  • Inter Entity Flow
    • 交易所间转账总额
    • 矿工向交易所转账总额
  • stablecoin network data
    • Stablecoin Network Data
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On this page
  • Definition
  • Interpretation
  • Use Cases
  • Predicting Market Tops and Bottoms
  • Link to Our Data

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  1. Market Indicators

MVRV比率

MVRV(市场价值比变现价值)比率是指某种资产的市场价值与变现价值的比值。

Previous市场情绪Next预估杠杆率

Last updated 4 years ago

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Definition

MVRV (Market Value to Realized Value) ratio is defined as an asset's market capitalization divided by .

MVRV Ratio=Market CapRealized Cap\text{MVRV Ratio} = \frac{\text{Market Cap}}{\text{Realized Cap}}MVRV Ratio=Realized CapMarket Cap​

Interpretation

By comparing two valuation methods, MVRV ratio can tell us to get a sense of whether the price is fair or not, which means it is useful to get market tops and bottoms. When this value is too high, BTC price may be overvalued, possibly implying selling pressure. On the other hand, when this value is too low, BTC price may be undervalued, possibly implying buying pressure.

Use Cases

Predicting Market Tops and Bottoms

We set the upper threshold as 3.7 and the lower threshold as 1 for spotting market tops and bottoms. If the sharp upward trend continues to grow above 3.7, we need to wait for the timing to sell our position off. Conversely, if the gradual downward trend has been shown and the trend goes sideways, it is the time for taking a long position.

Link to Our Data

MVRV ratio in CryptoQuant Live Chart
MVRV ratio in CryptoQuant Data API docs
realized capitalization