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Data / MVRV ratio / 2017
Market value divided by realised value: how far the price sits above the network’s cost basis.
MVRV ratio opened 2017 at 2.30× (January 1, 2017) and closed at 2.79× (December 31, 2017), up 21.1%. The high was 4.72× on December 7, 2017 and the low 1.77× on January 11, 2017.
| Month | Month end |
|---|---|
| January 2017 | 2.12× |
| February 2017 | 2.41× |
| March 2017 | 2.06× |
| April 2017 | 2.45× |
| May 2017 | 3.14× |
| June 2017 | 2.72× |
| July 2017 | 2.66× |
| August 2017 | 3.07× |
| September 2017 | 2.54× |
| October 2017 | 3.07× |
| November 2017 | 3.34× |
| December 2017 | 2.79× |
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 · 2016 · 2015 · 2014 · 2013
Also in 2017: Bitcoin price · Distance from the all-time high · 200-day and 200-week averages · 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