The rate of change of the MVRV ratio over time. Shows the acceleration or deceleration of unrealised profits/losses across the market.
Rapidly rising MVRV gradients signal accelerating euphoria. Flattening or declining gradients during uptrends warn of losing momentum. Helps identify turning points.
The percentage of Bitcoin's circulating supply currently held at a profit vs. at a loss. Determined by the acquisition price of each UTXO relative to current price.
The total profit or loss actually realized by coins that moved on-chain. Calculated from the difference between the price at which coins were acquired and the price at which they were moved.
The sum of all UTXOs valued at the price they were last transacted. Unlike market cap which values all coins at current price, Realised Cap weights each coin by its last on-chain moved price.
Measures the total amount of realised profit and loss relative to the Realised Cap. Indicates the significance of profit/loss-taking activity relative to the market's total value.