Stretched valuation, coins moving to exchanges
Entered 2025-07-25 · exited 2025-07-31
Drivers, at the time
- MVRV2.304 · 76th pct
- Net exchange flow (30d)20,238.1245
- Exchange reserve Δ (90d)-70,107.871
- Realized volatility (30d)0.2634 · 5th 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 | -3.4% |
| 90d | -6.3% |
| 180d | -23.8% |
Description of the past, not a forecast.