Price / Realized Price
Valuation· DE: Preis / Realized Price
Spot price divided by realized price (aggregate cost basis of all coins) — equals the MVRV ratio. <1 = market below its aggregate cost basis (capitulation), >3.5 = euphoria.
Calculation
spot / realized_price. Zones: <1 −2, <1.5 −1, <2.5 0, <3.5 +1, else +2.
Unit & source
ratio · tradingstrategies.work On-Chain Valuation gauge methodology
Related terms
Definitions are for research and education. Metrics describe market conditions — not financial advice or a buy/sell signal.