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.
Cost basis
STH-MVRV
Short Term Holder MVRV: unrealized profit multiple of recent buyers.
Latest daily observationProvisional day
- STH-MVRV
- 1.1094
- 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 | Bitcoin price |
|---|---|---|
| 2026-10-08 | 1.0991 | $81,676.02 |
| 2026-10-07 | 1.1202 | $83,274.86 |
| 2026-10-06 | 1.1511 | $85,553.52 |
| 2026-10-05 | 1.1567 | $85,756.06 |
| 2026-10-04 | 1.1700 | $86,510.16 |
| 2026-10-03 | 1.1470 | $84,746.87 |
| 2026-10-02 | 1.1438 | $84,500.84 |
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 2026-10-08). 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.