BTC Valuation · BTC
As of 23 Jul 2026 · Explainable knowledge object · Not a trading signal
Confidence 100%On-Chain Valuation →
Bitcoin on-chain undervalued (valuation tilt -1). 5/5 metrics in the value range, 0 expensive. MVRV-Z 0.43 = "Accumulation".
Factors
MVRV Z-Score→
0.43
weight 20% · contribution -1
Mayer Multiple→
0.9
weight 20% · contribution -1
Puell Multiple→
0.75
weight 20% · contribution -1
Price / Realized Price→
1.24
weight 20% · contribution -1
Price / Cost of Production→
1.16
weight 20% · contribution -1
Source & reproducibility
- Object: ko:btc_valuation:btc:2026-07-23
- Engine: btc-valuation-engine v1.0.0
- As of: 23 Jul 2026 · computed 2026-07-23
- Repro hash: sha256:7cf3240a7f463f2da…
- Inputs: 5 provenance references
This is a descriptive, explainable knowledge object for research and education — not financial advice and not a buy/sell signal. Figures describe the past and present; they do not predict the future.
← Bitcoin market stateUpdated 23 Jul 2026