MVRV Gradients
What Is MVRV Gradients?
The rate of change of the MVRV ratio over time. Shows the acceleration or deceleration of unrealised profits/losses across the market.
How to Interpret
Rapidly rising MVRV gradients signal accelerating euphoria. Flattening or declining gradients during uptrends warn of losing momentum. Helps identify turning points.
More Profit & Loss Metrics
SOPR
Spent Output Profit Ratio — the ratio of the price at which coins were spent to the price at which they were acquired. Shows whether coins are being moved at a profit (>1) or loss (<1).
Seller Exhaustion
A composite metric identifying when selling pressure has been exhausted, often signaling market bottoms. Based on supply profitability, realised loss trends, and volatility compression.
Unrealised Profit/Loss
The total unrealised profit or loss of all Bitcoin held on-chain, calculated by comparing each UTXO's acquisition price to the current market price.
URPD
UTXO Realised Price Distribution — shows the distribution of Bitcoin's supply at the price levels where coins were last moved. Creates a histogram of cost basis across all supply.