MVRV

Market value divided by realized value: today's price compared with what holders paid on average.

What it means

High readings mean holders sit on large profits; near 1 or below, the average holder is at a loss.

What to watch

Very high readings (past tops) and readings near or below 1 (past bottoms), over months, not days.

How Compass-Alpha uses it

Background only; not used in any figure on Compass-Alpha.