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MVRV Z-Score

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MVRV Z-Score uses blockchain analysis to identify periods where Bitcoin is extremely over or undervalued relative to its 'fair value'.

MVRV Z-Score Chart Explained

The MVRV Z-Score, developed by Murad Mahmudov and David Puell, is a Bitcoin market analysis tool that evaluates Bitcoin's market value against its realized value.

The market value is simply Bitcoin's price, while the realized value considers the price at the time each Bitcoin last moved, accounting for lost or hodled coins.

MVRV vs MVRV-Z

While MVRV ratio is a simple ratio of market value to realized value, MVRV-Z score adds statistical analysis by measuring how many standard deviations the current MVRV is from its historical mean.

This standardization makes MVRV-Z more useful for comparing across different time periods and market cycles.

Disclaimer
Any information found on this page is not to be considered as financial advice. You should do your own research before making any decisions.

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