2026-02-05
STH-MVRV: 0.6762.
Bitcoin price in the same daily row: $62,795.00. Price was below this cohort's estimated cost basis.
BTC: STH-MVRV
Short Term Holder MVRV: unrealized profit multiple of recent buyers.
Latest daily observationProvisional day
- STH-MVRV
- 1.0984
- Bitcoin price
- $82,181.97
Observation: UTC. Dataset updated: .
Updated daily, normally at 09:30 Europe/Madrid. Latest hourly bucket starts 2026-10-22 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.
Data cross-checked. Cross-checked daily against an independent on-chain data provider: median difference 0.53% over 1,384 days (2023-01-01 to 2026-10-15); 95% of days within 2.07%. Checked 2026-10-22. Data status
Recent daily values
The last seven closed UTC days. These values remain daily when you change the chart range.
| Date (UTC) | STH-MVRV | Bitcoin price |
|---|---|---|
| 2026-10-21 | 1.1228 | $84,023.24 |
| 2026-10-20 | 1.1104 | $82,946.03 |
| 2026-10-19 | 1.0965 | $81,840.01 |
| 2026-10-18 | 1.0996 | $82,001.58 |
| 2026-10-17 | 1.0915 | $81,384.63 |
| 2026-10-16 | 1.0925 | $81,501.10 |
| 2026-10-15 | 1.1014 | $82,131.10 |
Formula
STH-MVRV = Bitcoin price / STH Realized Price.
How to read it
STH-MVRV of 1.20 means market value is 20% above the estimated cost basis of the young cohort; 0.90 means it is 10% below. A value of 1 is the model's break-even reference, not a price forecast.
Limitations
- MVRV is an aggregate ratio. It does not mean every holder has the same return, and fixed thresholds do not establish market tops or bottoms.
- 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 in the available history (2023-01-01 to 2026-10-21). These are observations, not forecasts or trading signals.
2024-03-04
STH-MVRV: 1.4314.
Bitcoin price in the same daily row: $68,091.84. Price was above this cohort's estimated cost basis.
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.