MVRV Z-Score
The MVRV Z-Score normalises the difference between market cap and realised cap by standard deviation. Awe & Wonder developed it — Z-Score > 7 historically nailed every cycle top, Z-Score < 0 every bottom with remarkable robustness across all past cycles.
- Formula:
- (Market Cap − Realized Cap) ÷ StDev(Market Cap)
- Originator:
- Awe & Wonder, Glassnode/LookIntoBitcoin
- Data source:
- TradingView Pine (Historie 2010 → April 2022) + bgeometrics (April 2022 → heute)
Strategies to backtest
Thematically related strategies from our library — try them in the backtest engine or read up on the methodology.
The textbook RSI strategy — buy when oversold (RSI < 30), sell when overbought (RSI > 70). Best in sideways markets.
Open strategy →The benchmark for everything else — buy on day one, hold forever. The reference every strategy is measured against.
Open strategy →More Bitcoin indicators
Aggregated unrealised profit of all coins, five phase bands from capitulation to euphoria. Measures on-chain market sentiment.
Ratio between sale price and original cost of all moved coins. Below 1 = sellers at a loss = often a bottom signal. Tabs for STH and LTH.
Average cost basis of all coins in circulation. Tabs for STH (last 155 days) and LTH. Historically a strong bottom indicator.