MVRV Z-Score today
Last updated August 6, 2026 ·
Also called market value to realised value · Weighted 15% of the LiftOffr Score
15
MVRV Z-Score · 0-100 normalised
Bitcoin $64,212 · Today's reading sits 16% of the way from the average cycle-bottom reading (0) to the average cycle-top reading (94).
MVRV Z-Score compares Bitcoin's market cap to its realised cap — roughly, what the whole supply last moved at — and expresses the gap in standard deviations. High readings mean the market is holding huge unrealised profit, which is the condition every cycle top has shared.
What it actually measures
Aggregate unrealised profit across every coin in circulation.
How it is calculated
(market cap − realised cap) ÷ standard deviation of market cap, normalised 0-100.
Want the long-form explainer rather than the live number? Read the full MVRV Z-Score breakdown →
What it read at every cycle top and bottom
This is the table that does not exist anywhere else. Every value is the MVRV Z-Score reading
on the day of that cycle turn, pulled from the same daily series the number above comes from.
| Cycle turn | Date | BTC close | MVRV Z-Score (0-100) |
|---|
| 2013 top | 2013-11-30 | $1,119 | 97 |
| 2017 top | 2017-12-17 | $19,250 | 100 |
| 2021 top | 2021-11-10 | $64,756 | 88 |
| 2025 top | 2025-10-06 | $124,824 | 92 |
| 2015 bottom | 2015-01-14 | $176 | 0 |
| 2018 bottom | 2018-12-15 | $3,185 | 0 |
| 2022 bottom | 2022-11-21 | $15,778 | 0 |
Readings are normalised 0-100. Bitcoin closes are the same day's price from the
source dataset. Cycle turn dates are daily-close highs and lows.
Average reading at a cycle top: 94.
Average at a cycle bottom: 0.
The weakest top signal it ever gave was the 2021 top at 88;
the highest it ever read at a bottom was the 2015 bottom at 0.
Where it has been wrong
Its peak readings have fallen every cycle as the asset matured — 2013's extreme is a level 2021 never came close to. Waiting for an old absolute number to print again is how people held through the last two tops.
This section is on every indicator page here on purpose. An indicator sold as infallible is
being sold, not explained — and the gap between "it called three tops" and "it will call the
next one" is where people lose money.
The other eight
No single indicator survives contact with a real cycle. These are the other components of the
LiftOffr Score, live right now:
The reading tells you where. It doesn't tell you what to do.
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Questions
What is the MVRV Z-Score reading today?
As of August 6, 2026 the MVRV Z-Score reads 15 out of 100 on the normalised scale LiftOffr uses, with Bitcoin at $64,212. The number on this page updates daily.
What did the MVRV Z-Score read at the last Bitcoin top?
At the October 2025 top it read 92. Every cycle top and bottom since 2013 is in the table on this page, taken from the same daily series.
Has the MVRV Z-Score ever been wrong?
Its peak readings have fallen every cycle as the asset matured — 2013's extreme is a level 2021 never came close to. Waiting for an old absolute number to print again is how people held through the last two tops.
Is the MVRV Z-Score enough on its own?
No. Every indicator on this site has a failure mode, which is why LiftOffr weights nine of them into one score rather than trusting any single one. The live composite is at liftoffr.com/cycle.
Read this first. Everything on this page is educational market information, not
financial advice, and not a recommendation to buy or sell anything. I am not a registered
investment adviser. Indicator readings are historical measurements, not predictions — every one
of them has been wrong before, which is why each page here has a section saying exactly how.
Bitcoin can fall further than you expect and stay there longer than you expect. Do your own
research and never invest money you cannot afford to lose.
© 2026 LiftOffr · Educational content only. Not financial advice.
Indicator data derived from the public CBBI dataset.