Bitcoin Holder Value

Bitcoin trades 52% above the average on-chain paid value. Holders are in profit, but the gap is not yet at the most stretched historical band.

This page compares today's Bitcoin price with the average value carried by coins when they last moved. It shows the holder profit cushion, recent buyer pressure and whether today's reading is unusual in history.

MARKET
$82k
price and aggregate paid value pull on the same beam
Bitcoin price$82kLatest daily record
Average on-chain paid value$54kRealised value divided by supply
Price above paid value+51.9%Holder profit cushion
Market value$1.6tnCoins at current price
Value at paid prices$1.1tnAggregate on-chain cost
Value gap$561.3bnPaper profit across supply
MVRV1.52×Market value / paid value
Full-history rank42.9%Share of days below today
One-year rank64.1%Share of last 365 days below today
MVRV · 30-day change+0.04Profit cushion widening or narrowing
Price · 30 days+4.2%Current market move
Paid value · 30 days+1.2%Network cost moving more slowly
Price-paid gap change+3.0 ptsPrice move minus paid-value move
30-day buyer position-0.2%Price versus 30-day average
90-day buyer position+11.5%Price versus 90-day average
365-day buyer position+3.5%Price versus 365-day average
Days above paid value100.0%Latest 365 days
From one-year high-32.8%Current price damage
Current zoneNormal UptrendValuation band, not a trade call
Standardised reading2.04Compared with market-size volatility

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What did the network pay?

Market price tells us what the latest trade cost. Average on-chain paid value estimates the cost carried by all coins when they last moved. The gap shows the network's paper profit or loss.

Market price$82k
Average paid value$54k
Gap$28k

Bitcoin trades 52% above the average on-chain paid value. Holders are in profit, but the gap is not yet at the most stretched historical band.

Does the same number mean the same thing every year?

No. Market size, price and the value carried by older coins change. The yearly table gives today's multiple some context.

YearAverage MVRVHighest MVRVYear-end price
20242.37×2.74×$93k
20252.09×2.52×$88k
20261.36×1.73×$82k

MVRV is a valuation lens. It does not tell us when a stretched market must turn.

Research by for Charlie Quant Lab · Updated