Black Almanak open on-chain metrics for Bitcoin ● data
Behavior

STH MVRV regimes

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

Latest daily observationProvisional day
STH-MVRV
1.1094
155-day mean
0.9946
+1σ line
1.0974
−1σ line
0.8919
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.

STH MVRV regimes — daily observations
Date (UTC)STH-MVRV155-day mean+1σ line−1σ lineBitcoin price
2026-10-081.09910.99401.09630.8916$81,676.02
2026-10-071.12020.99351.09560.8915$83,274.86
2026-10-061.15110.99291.09440.8914$85,553.52
2026-10-051.15670.99201.09270.8912$85,756.06
2026-10-041.17000.99101.09080.8911$86,510.16
2026-10-031.14700.98981.08870.8910$84,746.87
2026-10-021.14380.98881.08690.8908$84,500.84

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 2026-10-08). 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.