MVRV Momentum
MVRV deviation from its 365-day exponential moving average - complementary reading to gradient (gradient measures speed, momentum measures position relative to trend).
What is it?
MVRV Momentum measures the gap between current MVRV and its 365-day exponential moving average (EMA). Where gradient measures speed of variation, momentum measures the ratio's relative position to its smoothed annual trend. Positive momentum indications MVRV is above its annual average (above-trend regime); negative, below.
How to read
Curve oscillating around zero, where zero represents MVRV's 365-day EMA. Above zero: above-trend valuation regime (typical of bull). Below: undervaluation regime relative to trend (typical of bear or correction). Amplitude informs about distance from the mean - the larger it is, the more the market deviates from its annual equilibrium.
Key zones
Three structural regimes. (A) Positive momentum >0 and rising: accelerated expansion phase above trend, typical mid-bull. (B) Positive momentum >0 and declining: above-trend saturation, pre-top indication. (C) Prolonged negative momentum <0: persistent undervaluation relative to annual trend, typical of deep bear markets or accumulation phases.
What to observe
Watch momentum zero-line crossing: shift from negative to positive = return above annual trend, structural expansion indication. Reverse crossing = below-trend shift, contraction indication. Momentum slope is also informative: strongly positive slope = acceleration vs trend; negative slope while remaining above zero = declining momentum (loss of strength).
Historical context
MVRV Momentum has historically marked annual regime transitions: zero-line crossings typically 1-2 times per 4-year Bitcoin cycle, aligned with bear-bull and bull-bear transitions. The 365D EMA window weights recent values more than an SMA, making momentum more reactive to recent changes while keeping an annual horizon.
Expert notes
Momentum is complementary to gradient. Gradient measures SPEED of MVRV variation, momentum measures POSITION relative to trend. Rich combination: positive gradient + positive momentum = confirmed expansion above trend; negative gradient + positive momentum = slowdown still above trend (typical late-bull saturation). Conversely, positive gradient + negative momentum = recovery below trend (typical end-of-bear).
Common mistakes to avoid
Momentum is not an absolute valuation indicator. An MVRV (raw undervalued) can have positive momentum if the annual EMA trend is even lower (0.6 for example). Do not use standalone - always cross with mvrv-classic for absolute reading. And the 365D EMA window imposes a lag of about 6 months, so momentum does not catch short-term reversals.
Programmatic access
REST API
curl -sS \
'https://api.trinityinsights.io/api/v1/onchain/mvrv-momentum/history?days=90' \
-H 'X-API-Key: $TRINITY_API_KEY'MCP server
{
"tool": "get_chart_value",
"metric_id": "mvrv-momentum",
"timeframe": "1y"
}Required tier: pro. See the pricing grid for the tier list and the MCP documentation for multi-client configuration.
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Institutional disclaimer
Trinity Insights is an educational and analytical tool. The metric above does not constitute investment advice. Trinity Insights is not a Crypto-Asset Service Provider (CASP) registered under MiCA Regulation (EU) 2023/1114. See the full disclaimer.