On-chain
What the Bitcoin network itself shows: how the supply is valued against what it last moved at, whether coins are being spent at a profit, and how long they have been sitting still.
These are macro context, not credit measures. They describe the chain whether or not anyone is lending, they are independent of this protocol's activity, and they never appear inside a credit chart. As at 2026-08-04.
Valuation
MVRV Z-score
0.6308
Market value against realised value, in standard deviations
Realised price
$45,150
The average price at which the supply last moved
Spot price
$64,155
Holder behaviour
SOPR
0.9981
7-day average 0.9959 · above 1 means coins moved at a profit
Long-term holder supply
16.63m BTC
Coins unmoved long enough to count as held rather than traded
Short-term holder supply
3.44m BTC
HODL waves
The share of supply by how long it has sat unmoved. Bars are drawn against the largest band, not against 100%, so the young bands stay readable — every value is printed, and they sum to the whole supply.
< 1 day
0.94%
1 day – 1 week
3.01%
1 week – 1 month
3.74%
1–3 months
4.77%
3–6 months
6.36%
6–12 months
19.08%
1–2 years
13.35%
2–3 years
6.10%
3–5 years
9.09%
5–7 years
7.51%
7–10 years
8.31%
> 10 years
17.74%
Network activity
Mempool depth and fee curve — not available
Both are named in this section's specification and neither is held: no mempool or fee series exists in the estate. They are a live read off the node rather than something derivable from what is already stored, so this is an ingestion that has not been written, not a view that has not been built.
Provenance
Derived from a self-hosted Bitcoin Core node by walking the UTXO set — not bought from a data vendor and not dependent on this protocol's activity. Coverage is stated rather than assumed: 95.75% of UTXOs carry a usable acquisition price and are included; the remainder are excluded because no price could be established for them, which is a limit of the method and not a gap in the chain.