Stretched valuation, coins moving to exchanges
Entered 2021-09-03 · exited 2021-09-07
Drivers, at the time
- MVRV2.3954 · 75th pct
- Net exchange flow (30d)24,769.6056
- Exchange reserve Δ (90d)30,611.4985
- Realized volatility (30d)0.5647 · 37th 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 | -3.3% |
| 90d | +13.5% |
| 180d | -11.8% |
Description of the past, not a forecast.