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
Pulse score history — trailing 1Y
365 daily scores · replayed deterministically from CoinMetrics history
MVRV Ratio
1.458
Fair Value
Sub-score: 54/100
NVT Ratio (90d)
—
Unavailable
Signal unavailable — composite uses the live signals
Spot vs Realized
1.46×
Appreciation
Derived from MVRV — shown for context, not counted separately
Active Addr (30d%ile)
54th pct
Moderate
Sub-score: 54/100
Realized Price (BTC)
$52,834
Average cost basis across all on-chain coins
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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: Sun, 23 Aug 2026 16:13:15 GMT
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On-Chain Analysis for Crypto Traders — the playbook behind this signal. $29 one-time · 38 pages
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