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Data / MVRV ratio / 2018
Market value divided by realised value: how far the price sits above the network’s cost basis.
MVRV ratio opened 2018 at 2.69× (January 1, 2018) and closed at 0.81× (December 31, 2018), down 69.9%. The high was 3.26× on January 5, 2018 and the low 0.69× on December 15, 2018.
| Month | Month end |
|---|---|
| January 2018 | 1.88× |
| February 2018 | 1.92× |
| March 2018 | 1.32× |
| April 2018 | 1.75× |
| May 2018 | 1.41× |
| June 2018 | 1.24× |
| July 2018 | 1.50× |
| August 2018 | 1.37× |
| September 2018 | 1.31× |
| October 2018 | 1.27× |
| November 2018 | 0.84× |
| December 2018 | 0.81× |
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 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2018: 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