MVRV with 90-day mean and deviation bands — MVRV against its trailing 90-day mean and statistical bands, with market and realized price
MVRV Deviation Bands uses Bitcoin's UTXO cost-basis data: MVRV with 90-day mean and deviation bands. It connects the current market with the prices at which coins were last moved.
Look for changes in profit, loss and holder cost basis across weeks or months. Those shifts show whether the market is absorbing supply or realizing stress.
Cost-basis metrics describe on-chain movements, not every off-chain trade. They are best read as a market-structure view, not a guaranteed buy or sell signal.