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Data / MVRV ratio / 2022
Market value divided by realised value: how far the price sits above the network’s cost basis.
MVRV ratio opened 2022 at 1.94× (January 1, 2022) and closed at 0.84× (December 31, 2022), down 57.0%. The high was 1.94× on January 1, 2022 and the low 0.75× on November 9, 2022.
| Month | Month end |
|---|---|
| January 2022 | 1.61× |
| February 2022 | 1.79× |
| March 2022 | 1.85× |
| April 2022 | 1.54× |
| May 2022 | 1.34× |
| June 2022 | 0.87× |
| July 2022 | 1.07× |
| August 2022 | 0.93× |
| September 2022 | 0.91× |
| October 2022 | 0.97× |
| November 2022 | 0.85× |
| December 2022 | 0.84× |
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 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2022: 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