MVRV Z-score Live Chart

As of 2026-11-05, the Bitcoin MVRV Z-score is 0.71, in the 'Neutral' zone by convention (below 0 undervalued, above 7 overheated).

The MVRV Z-score is the difference between market cap and realized cap (holders' average cost basis) divided by the standard deviation of market cap. By convention, below 0 reads as undervalued and above 7 as overheated. The formula and past highs and lows are covered in the explainer.