Bitcoin On-Chain Metrics
Live MVRV ratio, Stock-to-Flow model, hash rate, and active addresses — the key on-chain signals used by professional Bitcoin analysts to gauge market cycles.
On-chain metrics read Bitcoin’s public ledger directly instead of price alone. This dashboard tracks hashrate, difficulty, active addresses, exchange balances and long-term holder supply, giving you a live view of network health and holder behaviour behind the chart.
Last updated: 09:48 AM
Approximation — true MVRV requires on-chain realized cap data. Below 1.0 = historically undervalued.
% difference between live price and the S2F power law model.
Live computational power securing the Bitcoin network.
Estimated unique addresses active on-chain per day. Static approximation — live data requires premium APIs.
MVRV RatioFair Value
Market Value to Realized Value — key on-chain cycle indicator
MVRV > 3.5 has historically marked cycle tops. MVRV < 1.0 marked cycle bottoms.
Scarcity model
Stock-to-Flow Model
PlanB's S2F ratio compares Bitcoin's existing supply to annual new issuance
S2F model price
S2F ratio 122.4
Model valuation
- S2F ratioyears of supply
- 122.4
- S2F model priceprojected fair value
- $16,998,509,214,313
- Price vs S2F model
- −100.0%
Bitcoin is trading 100% below the S2F model price — historically a buying opportunity.
Percentage of the 21M hard cap that has been mined so far.
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On-Chain Dashboard
Four steps to interpret on-chain data like a pro.
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01
View Live Metrics
The dashboard automatically loads live MVRV ratio, Stock-to-Flow model deviation, market cap, and realized cap data from CoinGecko when you open the page.
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02
Read the MVRV Gauge
The gauge colors below 1.0 as historically undervalued, 1.0 to 2.5 as fair value, 2.5 to 3.5 as distribution, and above 3.5 as danger zone.
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03
Check S2F Deviation
View the S2F ratio and model price; a percentage deviation above the model price can signal overheating, while below it may suggest a value zone.
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04
Use as One Signal
On-chain metrics are one input, not a certain prediction. Combine them with the Fear & Greed Index and Rainbow Chart for a fuller picture of market conditions.
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Frequently Asked Questions
Understand the on-chain metrics behind this dashboard
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Bitcoin On-Chain Metrics Guide 2026
How to read MVRV ratio, Stock-to-Flow, hash rate, and active addresses to gauge Bitcoin cycles
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Disclaimer
On-chain metrics are historical and analytical tools — they do not predict future prices. MVRV and S2F models have worked in past cycles but may not repeat. Hash rate and active address figures are approximations from public sources. This is not financial advice. Always conduct your own research before making investment decisions.