Stretched valuation, coins leaving exchanges
Entered 2025-07-09 · exited 2025-07-25
Drivers, at the time
- MVRV2.2682 · 75th pct
- Net exchange flow (30d)-39,104.6682
- Exchange reserve Δ (90d)-160,684.1566
- Realized volatility (30d)0.293 · 7th 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 | +4.8% |
| 90d | +9.1% |
| 180d | -15.7% |
Description of the past, not a forecast.