Market Signals

Market Value to Realised Value

MVRV is calculated by dividing Market Value by Realised Value. In Realised Value, BTC prices are taken at the time they last moved, instead of the current price like in Market Value Network Value to Transactions

NVT chart

NVT is computed by dividing the Network Value (= Market Value) by the total transactions volume in USD over the past 24hour. Network Value to Transactions Signal

NVTS chart

NVTS is a more stable measure of NVT, with the denominator being the moving average over the last 90 days of NVT's denominator