MVRV Z-Score: The Awe & Wonder Formula, What It Got Right at Three of Four Cycle Tops, and the 4Y-MA Proxy Honest Disclosure
26 May 2026 6 minute read 0 comments SatoshiMacro
Originally published at satoshimacro.com. The single most-cited Bitcoin valuation indicator since 2018 The MVRV Z-Score was introduced by Murad Mahmudov and David Puell in 2018 as an institutional-grade cycle indicator. The canonical formula: Z-Score...