Smart / Tourist MVRV DivergenceTRINITY EXCLUSIVE
EXCLUSIVE — A signed oscillator equal to the gap between Smart Money MVRV and Tourist MVRV. A wide gap marks maximum retail stress (tourists underwater while smart money holds profit) near cycle lows ; a narrow or negative gap marks shared euphoria near cycle highs.
Trinity exclusive model
This metric is a proprietary Trinity Insights model. Its formula, inputs, weights and parameters are NOT disclosed. The page documents only the output (bounded scale, interpretation zones, historical context). Access to the score and its time series is via the REST API and the MCP server, subject to the required tier.
What is it?
MVRV (market value / realized value) measures a group's average unrealized profit. This oscillator subtracts Tourist MVRV from Smart Money MVRV. Because strong hands have a lower cost basis, their MVRV is almost always higher ; the size of that gap tells the degree of relative stress between the two groups.
How to read
A wide gap means Smart Money is deeply in profit while Tourists are near loss or underwater — maximum retail stress, typical of cycle lows. A narrow or negative gap means both groups are valued similarly — shared euphoria, typical of tops. The zero line marks valuation parity.
Key zones
Gap at the top of its historical range: extreme retail stress, bottom proximity. Gap compressed toward zero: convergence, shared euphoria, top proximity. Threshold calibration relies on long-history percentiles.
What to observe
Watch the oscillator's turns: a gap peak that starts compressing indicates Tourists catching up in valuation (recovery) ; a gap collapsing toward zero late in a bull is a classic mark of shared overheating.
Historical context
At major bottoms, the valuation gap between strong and late hands reached its historical extremes ; at tops, it compressed as everyone was simultaneously in profit.
Expert notes
⚠️ Trinity Exclusive Model — This gap is a signed oscillator: it can turn negative during the rare phases when Tourists are valued better than Smart Money (violent speculative inflow). The scale is deliberately linear because a signed gap is meaningless in logarithmic form.
Common mistakes to avoid
A wide gap is not a guaranteed bottom, nor a narrow gap a guaranteed top: these are relative-stress conditions, not dates. Unrealized valuation is only realized if coins are actually sold.
Programmatic access
REST API
curl -sS \
'https://api.trinityinsights.io/api/v1/onchain/smart-tourist-mvrv-divergence/history?days=90' \
-H 'X-API-Key: $TRINITY_API_KEY'MCP server
{
"tool": "get_chart_value",
"metric_id": "smart-tourist-mvrv-divergence",
"timeframe": "1y"
}Required tier: performance. 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.