MVRV Gradient (360 days)
The MVRV gradient measures how fast the gap between market value and realized cap changes over a year. During the steep rallies it sat high (Dec 2013 +3.03 · Dec 2017 +2.29 · Apr 2021 +2.09, each rank ≥ 96), at the lows it sat low (Dec 2018 −2.89, rank 8). The second top in Nov 2021 (+0.41, rank 55) and the Oct 2025 high (+0.35, rank 54) left little trace — the series measures speed, not price level. Each day's rank is computed only against values up to that day. Variants circulate as "MVRV Gradient Oscillator" whose computation is not openly documented; this is none of them. Descriptive, not a signal.
- Formula:
- Gradient(t) = MVRV(t) − MVRV(t − 360 d) · Rang(t) = Anteil der Werte bis t, die ≤ Gradient(t) sind (expanding)
- Originator:
- Own convention (Backtesting Arena, 2026) on MVRV (Mahmudov & Puell, 2018)
- Data source:
- BRK (Bitcoin Research Kit, brk_mvrv → brk_mvrv_gradient_360d, abgeleitet in der Ingestion inkl. pct_rank, point-in-time in btc_chart_metrics)
Strategies to backtest
Thematically related strategies from our library — try them in the backtest engine or read up on the methodology.
The benchmark for everything else — buy on day one, hold forever. The reference every strategy is measured against.
Open strategy →Buy a fixed amount on a fixed schedule — week after week, regardless of price. Smooths volatility, removes timing decisions.
Open strategy →More Bitcoin indicators
Is crypto-internal liquidity expanding or contracting? Stablecoin supply, spot-ETF flows and realized-cap change as 30-day impulses on one percentile scale — with breadth, dispersion and a declared composition. A state, not a signal.
Difference between market cap and realized cap, normalised by standard deviation. Values above 5 mark the top region (4 of 5 historical bull tops), below 0 every bottom.
BTC price coloured by MVRV Z-Score regime — from deep accumulation (green) to euphoria (red). Makes valuation phases visible over time.