Stretched valuation, coins moving to exchanges
Entered 2020-11-30 · exited 2021-04-04
Drivers, at the time
- MVRV2.6372 · 82nd pct
- Net exchange flow (30d)11,486.0337
- Exchange reserve Δ (90d)-157,841.8683
- Realized volatility (30d)0.7108 · 60th pct
What the panel said at the time
Pre-snapshot: computed. This period entered before the daily Read snapshot began (2026-09-21) - the drivers above are the classifier's own recorded values for that day, computed after the fact from this same regime_transitions row, not a stored point-in-time Read.
What followed
| Horizon | BTC price change |
|---|---|
| 30d | +46.7% |
| 90d | +130.7% |
| 180d | +76.4% |
Description of the past, not a forecast.