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BTC: STH MVRV regimes

Bitcoin BTC

Price shaded by departures from the 155-day MVRV mean.

Latest daily observationProvisional day
STH-MVRV
1.0984
155-day mean
1.0027
+1σ line
1.1098
−1σ line
0.8956
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. Derived from STH-MVRV, which is 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.

BTC: STH MVRV regimes — daily observations
Date (UTC)STH-MVRV155-day mean+1σ line−1σ lineBitcoin price
2026-10-211.12281.00201.10880.8952$84,023.24
2026-10-201.11041.00111.10740.8947$82,946.03
2026-10-191.09651.00021.10620.8942$81,840.01
2026-10-181.09960.99951.10530.8938$82,001.58
2026-10-171.09150.99881.10430.8934$81,384.63
2026-10-161.09250.99831.10340.8931$81,501.10
2026-10-151.10140.99791.10280.8929$82,131.10

Formula

Thresholds = SMA155(STH-MVRV) ± population standard deviation over the same 155-day window.

How to read it

Green shading marks MVRV above the upper band; red shading marks MVRV below the lower band. The bands describe relative profitability, not observed buying or selling.

Limitations

  • The chart uses 155 daily points or 155 × 24 hourly points depending on range. Daily and hourly bands may differ; the table and examples always use daily observations.
  • 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.

Lowest observed

2026-02-05

STH-MVRV: 0.6762.

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.

Highest observed

2024-03-04

STH-MVRV: 1.4314.

Bitcoin price in the same daily row: $68,091.84. 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.