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Data / MVRV ratio / 2020
Market value divided by realised value: how far the price sits above the network’s cost basis.
MVRV ratio opened 2020 at 1.29× (January 1, 2020) and closed at 3.14× (December 31, 2020), up 144.0%. The high was 3.15× on December 30, 2020 and the low 0.88× on March 12, 2020.
| Month | Month end |
|---|---|
| January 2020 | 1.65× |
| February 2020 | 1.48× |
| March 2020 | 1.16× |
| April 2020 | 1.55× |
| May 2020 | 1.65× |
| June 2020 | 1.57× |
| July 2020 | 1.91× |
| August 2020 | 1.88× |
| September 2020 | 1.72× |
| October 2020 | 2.11× |
| November 2020 | 2.64× |
| December 2020 | 3.14× |
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 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2020: 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