Dashboard/Lab/LTH MVRV

LTH MVRV

Cohort Cost Basis

Long-term holder MVRV — market value vs cost basis for coins over 155 days. Extreme highs precede LTH distribution; lows mark accumulation.

Current Value

1.6636

As of

2026-10-16

Z-Score

—

Signal

Yellow

Loading chart…

Methodology

Open, reproducible — computed from our own archive node

Definition

Long-Term Holder MVRV — market value vs cost basis for coins over 155 days.

Formula

lth_mvrv = (lth_supply_btc × price) / lth_cost_basis_usd

How we compute it

Cohort market value over cohort cost basis, from the cohort-extraction stage.

Provenance · Every on-chain metric traces back to our own self-hosted Bitcoin archive node — no third-party data vendor sits in the path. We extract the full UTXO lifecycle (each output's creation height/time, value, and the height/time it was later spent), join it against an independent USD price oracle, and roll it up into daily aggregates. The metric formulas are pure functions over those aggregates (src/pipeline/formulas.py), so any value on this page can be reproduced from the published daily archive.

Interpretation

Extreme highs precede LTH distribution (cycle tops); lows mark accumulation. LTH-MVRV ranges far wider than STH-MVRV because long-term holders carry much lower cost bases.

< 1.5Accumulation
1.5 – 5Holding / mild distribution
> 5Heavy distribution risk

Caveats & limitations

  • ·Requires the cohort-extraction stage.
Data points: 5,749 rows, 2011-01-20 to 2026-10-16Open in Lab →

Current LTH MVRV reading

As of 2026-10-16, Bitcoin’s LTH MVRV is 1.664, compared with 2.941 one year earlier (2025-10-16). The series has 5,749 daily readings from 2011-01-20 to 2026-10-16, computed from our own full-archive Bitcoin node and refreshed every day.

Historical extremes

The highest LTH MVRV on record is 4,343.7 on 2011-01-20; the lowest is 0.558 on 2011-11-26. Readings near either end of that range have historically coincided with cycle turning points — use the chart above to see where today sits relative to past extremes.

Read it with

  • Realized Price — Aggregate cost basis of all coins — realized cap divided by circulating supply.
  • STH Cost Basis — Realized price of short-term holders (coins younger than 155 days).
  • LTH Cost Basis — Realized price of long-term holders (coins older than 155 days).
  • STH MVRV — Short-term holder MVRV — market value vs cost basis for coins under 155 days.
  • STH SOPR — Spent Output Profit Ratio for short-term holders.

Data & method

Source: computed from raw UTXO data on OnChainLab’s own Bitcoin node — no third-party data vendor. Category: Cohort Cost Basis. Last updated 2026-10-16. The full series is free to download as JSON or as part of the full daily CSV, and the published dataset is cryptographically committed — you can verify it yourself. Browse all metrics.