BTC Fidelity Vision

Tracks Bitcoin on-chain indicators aligned with Fidelity-style analysis, covering activity, valuation, miner behavior, profitability, exchange balances, and supply distribution. Measures: 30‑day Active Addresses; Market Value to Realized Value (MVRV) Z‑Score; Supply Held by Miners; Percent of Total Supply in Profit; Supply on Exchanges; Supply Distribution by Number of Addresses. Reflects: Network activity, valuation extremes, miner accumulation/distribution, holder profitability, exchange liquidity conditions, and ownership concentration. Context: Commonly analyzed alongside BTC price structure to assess accumulation, distribution, and market cycle positioning. Tags: Category: On-chain Metric | Signal Type: Valuation / Accumulation / Distribution / Network Activity | Market Scope: Network-level