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$63,796.22+0.88%FearNews

Is Bitcoin Cheap or Expensive?

Six valuation measures, each compared with its own history, rolled into one clear read.

25Cheapout of 100
YesterdayCheap (25)
Last weekCheap (27)
Some measures disagree
Where the valuation measures sitEach numbered marker keeps its true percentile from cheap on the left to expensive on the right. Close readings use separate fixed lanes. 1. Price vs. Cost, 18 out of 100. 2. Price vs. 200-Day Avg, 27 out of 100. 3. Price vs. Long-Term Trend, 4 out of 100. 4. Network Value, 59 out of 100. 5. Mining Spend, 34 out of 100. 6. Coins in Profit, 9 out of 100.
  • 1Price vs. CostExtremely cheap
  • 2Price vs. 200-Day AvgCheap
  • 3Price vs. Long-Term TrendExtremely cheap
  • 4Network ValueFair
  • 5Mining SpendCheap
  • 6Coins in ProfitExtremely cheap

What drives this reading

What this reading means

  1. So, is Bitcoin cheap or expensive right now?

    Price vs. what holders paid sits low in its 4-year range, and most measures lean cheap.

    Six measures are rolled into this score. The table above shows which ones lean cheap and which ones lean expensive.

  2. What changed recently?

    Arrow shows which way it moved; color shows cheaper (orange) or pricier (blue).

    • More coins in profitThe share of coins in profit rose to about 53%, from about 50% a month ago.
    • Price gained on its 200-day averagePrice went from 0.85× to 0.89× its 200-day average over the past month.
    • Price rose vs. what holders paidPrice compared with what holders paid moved about 4% higher this month.

How does today compare to its history?

Usually daily
Bitcoin price position against its history chartmaketomaketo.com/valuation020406080100JulNovMarJulNovMarJulLATEST25

The score runs from 0 to 100 against Bitcoin's own history. Lower is cheaper and higher is more expensive.

Latest displayed reading: 25 on Aug 3, 2026. This view shows 760 dated readings from Jul 5, 2024 to Aug 3, 2026. The latest displayed reading is lower than the first. The displayed low is 18 on Feb 23, 2026. The displayed high is 84 on Jul 17, 2025.

Inspect a chart date

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

  • Price position score (selected): 25
How we score the cheap / expensive indexSix measures of one question, each scored against its own history, blended into a 0–100 reading.
0 · Cheap50 · FairExpensive · 100
Price vs. what holders paid25%Price vs. its 200-day average15%Price vs. the long-term trend15%Network value vs. its use15%Price vs. total mining spend15%Share of coins in profit15%

The Cheap / Expensive Index blends six ways of asking the same question: is Bitcoin's price high or low compared with what's been normal for it? It looks at price next to what holders paid, price against its 200-day average and its long-term growth path, the network's value next to how much it gets used and what's been spent on mining, and how many coins are sitting in profit. Each one is scored from 0 to 100 against its own history, then blended into one reading. Low means cheaper than normal. High means more expensive. It describes today, not tomorrow, and it isn't advice.

The five context reads show how unusual holder profits are, the average buy price, what recent buyers paid, seller profitability, and value next to what investors put in. They add detail but do not change the six-measure score.

See also