2026-02-05
STH-MVRV (90-day adjusted): -0.2349.
Bitcoin price in the same daily row: $62,795.00. This is a descriptive reference point in this dataset; it does not establish a market top, bottom or future return.
Behavior
Bitcoin: Short-Term Holder Behavior Analysis
Price with the 90-day-adjusted STH MVRV and its ±1σ lines.
Latest daily observationProvisional day
- STH-MVRV (90-day adjusted)
- 0.0576
- +1σ line
- 0.1119
- −1σ line
- -0.0966
- Bitcoin price
- $82,448.31
Observation: UTC. Dataset updated: .
Updated daily, normally at 09:30 Europe/Madrid. Latest hourly bucket starts 2026-10-09 07:00 UTC (hour start).
This day is incomplete and may change. Daily flows accumulate through the latest update; they differ from a single hourly point.
Recent daily values
The last seven closed UTC days. These values remain daily when you change the chart range.
| Date (UTC) | STH-MVRV (90-day adjusted) | +1σ line | −1σ line | Bitcoin price |
|---|---|---|---|---|
| 2026-10-08 | 0.0498 | 0.1118 | -0.0968 | $81,676.02 |
| 2026-10-07 | 0.0718 | 0.1116 | -0.0968 | $83,274.86 |
| 2026-10-06 | 0.1038 | 0.1114 | -0.0970 | $85,553.52 |
| 2026-10-05 | 0.1121 | 0.1111 | -0.0971 | $85,756.06 |
| 2026-10-04 | 0.1277 | 0.1107 | -0.0972 | $86,510.16 |
| 2026-10-03 | 0.1084 | 0.1101 | -0.0973 | $84,746.87 |
| 2026-10-02 | 0.1080 | 0.1097 | -0.0974 | $84,500.84 |
Formula
Adjusted MVRV = STH-MVRV / SMA90(STH-MVRV) − 1. Thresholds = rolling 365-day mean of adjusted MVRV ± its population standard deviation.
How to read it
A zero adjusted value means MVRV equals its 90-day average. The upper and lower lines describe departures from the recent historical distribution; crossing them does not prove selling or capitulation.
Limitations
- Statistics use daily observations, with at least 30 adjusted observations for the threshold window. Hourly points use daily baselines, including that day's close, so historical intraday views are not point-in-time backtests.
- On-chain movements include transfers between an owner's own wallets. They do not establish actual purchases, sales or investor identity.
- The latest day is provisional. Data is updated daily; hourly resolution does not mean hourly publication.
Historical examples
Selected mechanically: the lowest and highest closed-day STH-MVRV (90-day adjusted) in the available history (2023-03-31 to 2026-10-08). These are observations, not forecasts or trading signals.
2024-11-11
STH-MVRV (90-day adjusted): 0.3075.
Bitcoin price in the same daily row: $88,860.00. This is a descriptive reference point in this dataset; it does not establish a market top, bottom or future return.
Download these closed daily observations (JSON)
Source: Computed from the chain (BigQuery public dataset crypto_bitcoin), hourly resolution. Price source: Bitstamp BTC/USD hourly candles. rows before 2025-10-06 computed with daily prices (Coin Metrics); hourly prices from then on Methodology and sources.