MVRV Z-Score

On-chain market valuation metric

Current Z-Score
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Historical Max
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Historical Min
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Status
Z-Score--
-2 (Undervalued)03710 (Overvalued)
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About the MVRV Z-Score

MVRV Z-Score is an on-chain metric that compares Market Value (market cap) to Realized Value (realized cap) and normalizes the difference using standard deviation.

Formula: Z-Score = (Market Cap - Realized Cap) / StdDev(Market Cap)

Z < 0 (Buy)

Z < 0: Undervalued (Buy Zone)

0 < Z < 3

0 < Z < 3: Fair value range

Z > 3 (Sell)

Z > 3: Overvalued (Sell Zone)

Z > 7 (Extreme)

Z > 7: Extreme overvaluation