What is the MVRV Z-Score?

It compares Bitcoin’s market value to realized value and standardizes the difference (Z-Score) to highlight historical over/undervaluation zones.

How is the bull/bear regime determined?

We use moving averages on MVRV-Z and predefined thresholds; the chart shades BTC price when rules indicate expanding risk appetite or cooling conditions.

How often is the chart updated?

Daily. Data are cached for performance; regime shading updates automatically based on the rules.

MVRV Z‑Score Bull / Bear Market Indicator

BTC price (log) colored by Z bands & overlayed with a bullish signal. Bottom panel displays the MVRV‑Z score with dashed thresholds & DMAs.