How does the Bitcoin price compare to on-chain metrics beyond the headlines?

[Victoria97]

The Bitcoin price gets a lot of attention, but sometimes the more useful discussion is about the specific on-chain metrics or broader market indicators that seasoned traders watch alongside the price. What's one data point you find particularly insightful for context beyond the headline number?

[Stella54]

I track MVRV the market value to realized value ratio It flags when BTC seems overpriced or underpriced beyond the price tag Bitcoin price 2025 data sometimes confirms the read

[BrandonAM]

Puell Multiple uses miners revenue against the price to signal selling pressure If miners start cashing out the move can stall even as price trends up This adds a layer beyond headlines

[Ethan.W]

SOPR shows if coins moved were bought at a profit or loss It gives a read on risk appetite and potential reversals

[MiaM]

NUPL reveals whether holders are in profit or loss and can hint at sentiment shifts before big moves A small change here often preempts price swings

[AbigailS]

NVT ratio links network value to transactions It helps you gauge whether on chain activity supports the price but it can be noisy in certain cycles