ABYSS Index
← Back to the indexBitcoin MVRV-Z Score: what it is and today's value
MVRV-Z · BTC
0.18
undervalued
The MVRV-Z standardizes MVRV against its own history: it is (market cap − realized cap) divided by the standard deviation of the historical market cap. Extremes flag cycle bottoms (below ~0.1) and tops (above ~7).
Formula: (market cap − realized cap) ÷ std. dev. of historical market cap.
How to read it
Below ~0.1 is a historic bottom; 0.1 to 1 undervalued; above 7, a historic top.
| Range | Zone |
|---|---|
| < 0.1 | historic bottom |
| 0.1 – 1 | undervalued |
| 1 – 4 | mid value |
| 4 – 7 | elevated |
| ≥ 7 | historic top |
See the full dashboard → Cycle overviewMethodology
Computed by ABYSS Index from our own Bitcoin node and reference price — freely redistributable. For educational purposes only. Not financial advice. Español