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BITCOIN MVRV RATIO

Are Bitcoin holders in profit or loss?

Who's profiting, who's losing, and by how much?

All Holders profit ratio

Usually daily
Bitcoin holder profit ratios over time chartmaketomaketo.com/indicator/mvrv1.0010.001.0020122014201620182020202220242026NOW1.20
All HoldersRecent HoldersLong-term Holders

Each line compares today's price with what one holder group paid. Above 1.0, that group is in profit. Below 1.0, it is at a loss. The log scale keeps early and recent history visible together.

All Holders (selected). Latest displayed reading: 1.20 on Aug 3, 2026. This view shows 1,027 dated readings from Jan 1, 2012 to Aug 3, 2026. The latest displayed reading is higher than the first. The displayed low is 0.39 on Jan 14, 2015. The displayed high is 6.03 on Nov 18, 2013.

Recent Holders. Latest displayed reading: 0.94 on Aug 3, 2026. This view shows 1,028 dated readings from Jan 1, 2012 to Aug 3, 2026. The latest displayed reading is lower than the first. The displayed low is 0.36 on Jan 14, 2015. The displayed high is 2.83 on Nov 18, 2013.

Long-term Holders. Latest displayed reading: 1.27 on Aug 3, 2026. This view shows 1,027 dated readings from Jan 1, 2012 to Aug 3, 2026. The latest displayed reading is higher than the first. The displayed low is 0.40 on Jan 14, 2015. The displayed high is 46.54 on Apr 9, 2013.

Inspect a chart date

Arrow keys move one plotted point. Home and End jump to the first and latest points.

  • All Holders (selected): 1.20
  • Recent Holders: 0.94
  • Long-term Holders: 1.27

  1. Are all holders in profit or at a loss?

    Up 20% on what they paid

    Everyone's holdings averaged together. Above 1.0, the typical holder is in profit. Below 1.0, the typical holder is at a loss.

    1.20× their average buy price · toward the low end of its four-year range

  2. Are recent holders in profit or at a loss?

    Down 6% and at a loss

    People who bought within roughly the last five months. Their average buy price changes faster, so this group tends to move around breakeven more often.

    0.94× their average buy price · around the middle of its four-year range

  3. Are long-term holders in profit or at a loss?

    Up 27% on what they paid

    People who have held for more than five months. Their average buy price changes more slowly, which makes this the market's steadier group.

    1.27× their average buy price · toward the low end of its four-year range

  4. What does this mean for you?

    Right now all holders are up 20% on what they paid, recent holders are down 6%, and long-term holders are up 27%. The 1.0 line marks breakeven. Recent holders tend to move around that line more, while long-term holders change more slowly.

    Very high and very low readings have appeared around major market turning points, but they have never been precise timing signals. This page describes where holders stand today. It is not a prediction or advice to buy or sell.

Are holder profits unusual? →
Compare each group's profit ratio with its own four-year average.
What did people pay? →
The average buy prices behind these profit and loss readings.
How much profit is on the table? →
The share of all holdings sitting in profit versus loss right now.
Selling at a profit or loss? →
Whether the coins moving today are changing hands above or below cost.

Understanding the MVRV Ratio

The MVRV Ratio compares today's Bitcoin price with the average price holders paid. A reading of 1 means breakeven. Above 1, the average holder is in profit. Below 1, the average holder is at a loss.

The three lines separate all holders, recent holders, and long-term holders. The broad line shows the whole market. Recent holders bought within roughly five months and react faster to price changes. Long-term holders move more slowly because their coins have been held for longer.

Very low readings have appeared when many holders were close to breakeven or at a loss. Very high readings have appeared when profits were much larger. Those extremes can last, so the ratio describes today's position rather than giving a precise time to buy or sell.

The separate MVRV Z-Score compares each group's profit ratio with its own four-year average. Use that page when you want to know whether today's reading is unusual. Use this ratio page when you want to know whether holders are in profit or at a loss.