LIQUID STATE · Tools · BTC On-Chain Pulse

BTC On-Chain Fundamental Pulse

Name: BTC On-Chain Fundamental Pulse
Creator: Liquid State
License: https://creativecommons.org/licenses/by/4.0/
Keywords: bitcoin on-chain analysis, MVRV ratio, NVT ratio, bitcoin realized price, bitcoin active addresses

While price shows you where BTC is trading, on-chain data shows where Bitcoin fundamentals stand. Four on-chain signals — MVRV ratio, NVT ratio, realized price vs spot, and active address percentile — combined into a single 0–100 On-Chain Health Score.

On-Chain Neutral

On-chain fundamentals are broadly healthy — reasonable valuations, normal network activity.

On-Chain Stress (0–30)

On-Chain Caution (30–50)

On-Chain Neutral (50–75)

On-Chain Bullish (75–100)

MVRV Ratio — 90 days

MVRV Ratio

1.173

Fair Value

Sub-score: 64/100

NVT Ratio (90d)

—

Unavailable

Signal unavailable — composite uses the live signals

Spot vs Realized

1.17×

Appreciation

Sub-score: 58/100

Active Addr (30d%ile)

31th pct

Low Activity

Sub-score: 31/100

Realized Price (BTC)

$53,031

Average cost basis across all on-chain coins

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<p style="font:12px system-ui;margin:6px 0 0"><a href="https://www.liquidstate.tech/tools/on-chain-pulse" rel="noopener">BTC On-Chain Fundamental Pulse</a> by <a href="https://www.liquidstate.tech" rel="noopener">Liquid State</a></p>

Free to use — please keep the attribution link. Updated every 6 hours from CoinMetrics Community API.

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Data: CoinMetrics Community API (CapMVRVCur, NVTAdj90, PriceRealizedUSD, AdrActCnt). Updated every 6 hours. Not financial advice.Updated: Thu, 09 Jul 2026 14:32:33 GMT

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