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Data / MVRV ratio / 2014
Market value divided by realised value: how far the price sits above the network’s cost basis.
MVRV ratio opened 2014 at 2.80× (January 1, 2014) and closed at 1.00× (December 31, 2014), down 64.2%. The high was 3.26× on January 6, 2014 and the low 0.93× on October 5, 2014.
| Month | Month end |
|---|---|
| January 2014 | 2.66× |
| February 2014 | 1.78× |
| March 2014 | 1.38× |
| April 2014 | 1.38× |
| May 2014 | 1.88× |
| June 2014 | 1.83× |
| July 2014 | 1.63× |
| August 2014 | 1.34× |
| September 2014 | 1.11× |
| October 2014 | 1.00× |
| November 2014 | 1.14× |
| December 2014 | 1.00× |
Market capitalisation divided by realised capitalisation. At 1 the average coin is worth what it last moved at; below 1 the network as a whole holds at a loss, which has marked every cycle bottom; above 3.5 the average holder sits on more than 250% and cycle tops have followed.
Other years: 2026 · 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2013
Also in 2014: Bitcoin price · Distance from the all-time high · Network hashrate · Mining difficulty · Difficulty adjustments · Fees paid to miners · Transactions per day · Hashprice · Miner revenue · Bitmain releases and the bitcoin price · Break-even electricity price · What a bitcoin costs us to mine, against the market