BTC Four-Year Cycle Series (34)

In June 2022, the price of Bitcoin plummeted to 17.6k, and this indicator dropped to a low of 1.0. In February 2026, the price of Bitcoin plummeted to 60k, and this indicator also dropped to a low of 1.0. In August 2022, as the price rebounded after an oversell, this indicator peaked at 1.26. Currently, as the price rebounds after an oversell, this indicator has peaked at 1.23. ┌── | Indicator Details ──┐ The black line in the chart represents Bitcoin's price; the orange line represents Bitcoin's Median MVRV. Bitcoin Median MVRV = Current Bitcoin Market Price ÷ Bitcoin Median Realized Price Bitcoin Median Realized Price: This is the median price at which all Bitcoin in circulation last moved on-chain (half of Bitcoin moved above this price, and half moved below). Unlike the average, it takes the middle value, better representing the median cost of Bitcoin purchases for all investors (the current median realized price is $64,144). Compared to standard MVRV, Median MVRV better captures the perspective of retail or mid-sized holders, as the median ignores extreme high/low values.