Cheap or Expensive

Is Bitcoin a good deal right now, or overpriced?

What holders paid

Price well above holder cost

59.8% above$69.1K

Price vs average cost (MVRV Ratio)

Holders on modest gains

Seller activity

Seller Profitability (SOPR)

Sellers barely breaking even

Coins in Profit

Most coins in profit

Network-implied

Price aligned with network use

Thermocap Multiple

Market cap balanced vs mining cost