{"id":500124,"date":"2022-08-26T19:00:31","date_gmt":"2022-08-26T19:00:31","guid":{"rendered":"https:\/\/wncen.com\/?p=500124"},"modified":"2024-06-11T08:17:18","modified_gmt":"2024-06-11T08:17:18","slug":"bitcoin-mvrv-ratio-below-average-holder-slips-loss","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-mvrv-ratio-below-average-holder-slips-loss\/","title":{"rendered":"Bitcoin MVRV Ratio Is Back Below 1 As Average Holder Slips Into Loss"},"content":{"rendered":"

On-chain data shows the Bitcoin MVRV ratio has declined below one recently as the average holder has now slipped back into a state of loss.<\/p>\n

Bitcoin MVRV Is Now Back In The Historical Bottom Region<\/h2>\n

As pointed out by a post on CryptoQuant<\/a>, the BTC MVRV ratio has now come down into the region below “one” once again.<\/p>\n

The “Market Value to Realized Value<\/a>” (or MVRV in short) ratio is an indicator that’s calculated by dividing the market cap of Bitcoin with its realized cap.<\/p>\n

The “realized cap<\/a>” measures the cap of BTC by weighting each coin in circulation with the price at which it was last moved (unlike the market cap, where all the coins are weighted against the same latest BTC value).<\/p>\n

When the value of the ratio is greater than one, it means the average holder is in profit right now and thus there is more incentive to sell in the market. Especially high values can suggest BTC may be overpriced right now.<\/p>\n

Related Reading: Bitcoin Bearish Signal: Miners Continue To Dump<\/a><\/em><\/strong><\/div>\n

On the other hand, metric values less than the threshold suggest the overall market is carrying a loss right now as the realized cap is above the market cap. The lower the value gets, the lesser the incentive to sell that the investors have.<\/p>\n

Now, here is a chart that shows the trend in the Bitcoin MVRV ratio over the last several years:<\/p>\n

\"Bitcoin<\/p>\n

The value of the metric seems to have dropped down in recent days | Source: CryptoQuant<\/a><\/pre>\n
As you can see in the above graph, the Bitcoin MVRV ratio had earlier escaped above the “value=1” line, but after spending only some time above it, the metric has now once again plunged back into the zone.<\/p>\n
Historically, this region has been where the crypto has formed bear market bottoms in the cycles before. And a break above has usually meant the start of a new bull run.<\/p>\n
Related Reading:  TA: Bitcoin Price Could Avoid Another Drop if it Closes Above One Key Level<\/a><\/em><\/strong><\/div>\n
Earlier, some people thought the indicator leaving this zone recently meant that the bear was coming to a close. However, since the indicator has declined back down, it’s possible the coin hasn’t left the bear market just yet. It’s unclear at the moment how long more will the crypto have to spend in this region.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin’s price<\/a> floats around $20.7k, down 3% in the past week. Over the last month, the crypto has lost 1% in value.<\/p>\n
\"Bitcoin<\/p>\n
Looks like the BTC price has continued to be stuck in consolidation in the last few days | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Zden\u011bk Mach\u00e1\u010dek on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
On-chain data shows the Bitcoin MVRV ratio has declined below one recently as the average holder has now slipped back into a state of loss. Bitcoin MVRV Is Now Back In The Historical Bottom Region As pointed out by a post on CryptoQuant, the BTC MVRV ratio has now come down into the region below “one” once again. The “Market Value to Realized Value” (or MVRV in short) ratio is an indicator that’s calculated by dividing the market cap of Bitcoin with its realized cap. The “realized cap” measures the cap of BTC by weighting each coin in circulation with the price at which it was last moved (unlike the market cap, where all the coins are weighted against the same latest BTC value). When the value of the ratio is greater than one, it means the average holder is in profit right now and thus there is more incentive to sell in the market. Especially high values can suggest BTC may be overpriced right now. Related Reading: Bitcoin Bearish Signal: Miners Continue To Dump On the other hand, metric values less than the threshold suggest the overall market is carrying a loss right now as the realized cap is above the market cap. The lower the value gets, the lesser the incentive to sell that the investors have. Now, here is a chart that shows the trend in the Bitcoin MVRV ratio over the last several years: The value of the metric seems to have dropped down in recent days | Source: CryptoQuant As you can see in the above graph, the Bitcoin MVRV ratio had earlier escaped above the “value=1” line, but after spending only some time above it, the metric has now once again plunged back into the zone. Historically, this region has been where the crypto has formed bear market bottoms in the cycles before. And a break above has usually meant the start of a new bull run. Related Reading: TA: Bitcoin Price Could Avoid Another Drop if it Closes Above One Key Level Earlier, some people thought the indicator leaving this zone recently meant that the bear was coming to a close. However, since the indicator has declined back down, it’s possible the coin hasn’t left the bear market just yet. It’s unclear at the moment how long more will the crypto have to spend in this region. BTC Price At the time of writing, Bitcoin’s price floats around $20.7k, down 3% in the past week. Over the last month, the crypto has lost 1% in value. Looks like the BTC price has continued to be stuck in consolidation in the last few days | Source: BTCUSD on TradingView Featured image from Zden\u011bk Mach\u00e1\u010dek on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":500135,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,27251,86685,86686,1119,1144],"class_list":["post-500124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-bottom","tag-bitcoin-loss","tag-bitcoin-mvrv-ratio","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nBitcoin MVRV Ratio Is Back Below 1 As Average Holder Slips Into Loss<\/title>\n<meta name=\"description\" content=\"On-chain data shows the Bitcoin MVRV ratio has declined below one recently as the average holder has now slipped back into a state of loss. 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin MVRV Ratio Is Back Below 1 As Average Holder Slips Into Loss","url":"http:\/\/wncen.com\/news\/bitcoin-mvrv-ratio-below-average-holder-slips-loss\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-mvrv-ratio-below-average-holder-slips-loss\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/zdenek-machacek-hztya2tQqB8-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/zdenek-machacek-hztya2tQqB8-unsplash-scaled.jpg?fit=2560%2C2446"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin bottom","bitcoin loss","bitcoin mvrv ratio","btc","btcusd"],"dateCreated":"2022-08-26T19:00:31Z","datePublished":"2022-08-26T19:00:31Z","dateModified":"2024-06-11T08:17:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin MVRV Ratio Is Back Below 1 As Average Holder Slips Into Loss\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-mvrv-ratio-below-average-holder-slips-loss\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-mvrv-ratio-below-average-holder-slips-loss\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/zdenek-machacek-hztya2tQqB8-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/zdenek-machacek-hztya2tQqB8-unsplash-scaled.jpg?fit=2560%2C2446\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin bottom\",\"bitcoin loss\",\"bitcoin mvrv ratio\",\"btc\",\"btcusd\"],\"dateCreated\":\"2022-08-26T19:00:31Z\",\"datePublished\":\"2022-08-26T19:00:31Z\",\"dateModified\":\"2024-06-11T08:17:18Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/zdenek-machacek-hztya2tQqB8-unsplash-scaled.jpg?fit=2560%2C2446","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/500124"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=500124"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/500124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/500135"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=500124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=500124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=500124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}