Bitcoin BTC: Extreme Pain Zone Think of the MVRV (Market Value to Realized Value) 0.8 Band as the "Average Receipt" for the entire market. Currently at $43,647, this level represents total seller exhaustion. When the market price drops below the average cost basis (the Realized Price) and hits this 0.8 band, the "tourists" have already left. Only high-conviction holders remain.(Ali Charts)