Keystone composite
Bitcoin Bull–Bear Cycle
Percentile-normalized MVRV-Z, NUPL, RHODL, and reserve risk.
Bitcoin evidence workspace
Cycle state without the black box.
A compact view of valuation, holder behavior, supply, and network pressure from Keystone's full-node-derived shadow lane.
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Latest finalized date—
Finality—
Formula—
Valuation
Adjusted MVRV Ratio
Market value relative to the realized-cap anchor.
Holder behavior
Net Unrealized Profit / Loss
Profit and loss pressure across the circulating supply.
Capital base
Realized Cap vs Market Cap
Capitalization structure across the Bitcoin cycle.
Evidence rows
What is driving the state?
Compact readings from the same BRK archive. Click a row to open the series in the Workstation.
Cohort structure
UTXO age-band heatmap
BRK shadow · reconstructed
Bands are source-defined UTXO age cohorts. Missing observations remain blank; no values are interpolated.
Series library
Every metric, full chart
The complete BRK shadow lane as individual charts. Search by name, click a card to expand, download any series as CSV.
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