Methodology. MVRV = BTC price ÷ realised price (the average acquisition cost of the coin supply, from cost-basis data). Each day, the 5th/25th/50th/75th/95th percentiles of the trailing 730 days of MVRV are taken and multiplied by that day's realised price to draw the price-space quantile bands (green = cheapest historic valuation zone, red = most expensive). The bottom panel shows the percentile rank of each day's MVRV against the trailing 7-year population sampled weekly (the same construction as LookIntoBitcoin's cycle-adjusted MVRV percentile) — 0 = cheapest day in the window, 100 = most expensive. Data: daily 2009-01-01 → …, cost-basis series via checkonchain.com (Glassnode-sourced on-chain data). Updated ….