BTC · MARKET REGIME ENGINE · DUNE v2
Generated 2026-06-12 01:07 UTC
Source DEMO LIVE
Dune Exec n/a
LIVE
// Market Regime Classification · 2026-06-12
Early
Rotation
Regime · Early Risk-On Analog · 2019 Bear Recovery Similarity · 85.6% Data Freshness · FRESH (0 days old)
+1
ON-CHAIN SCORE / +5
Medium CONFIDENCE · 62.8%
SOPR · 7D MA
0.966
Capitulation / realized losses
RHODL Ratio
599
Long-horizon accumulation zone
Exchange Net Flow
+5,018 BTC
Balanced exchange pressure
LTH / STH
-0.43%
Holder rotation is neutral
Puell Multiple
0.594
Miner revenue stress / undervaluation
01
Market Regime Engine
Regime Ontology Wheel
7-STATE
Current Early Rotation
Liquidity
Expansion
BTC-Led
Risk-On
Early
Rotation
Narrative
Expansion
Exhaustion
Transition
Compression
CLOSEST ANALOG
2019 Bear Recovery · 85.6% similarity
Post-capitulation recovery with improving on-chain structure before broad liquidity confirmation.
Regime Probability Distribution
INTERACTIVE
Transition
53%
Narrative Expansion
40%
BTC-Led Risk-On
39%
Early Rotation
38%
Liquidity Expansion
35%
Exhaustion
26%
Compression
26%
SCENARIO ENGINE — ADJUST ASSUMPTIONS
// Adjust sliders to model regime-transition pressure.
Four-Layer Engine · Composite Breakdown
AGG SCORE +0.20
Macro Liquidity
+0/+0
Unavailable
Capital Flow
+0/+0
Unavailable
On-chain
+1/+5
Bullish
Narrative Strength
+0/+0
Unavailable
02
Signal Heatmap · 25-Day Window
Indicator Signal Grid
CLICKABLE
Bullish Neutral Caution Bearish N/A
Date
05-19
05-20
05-21
05-22
05-23
05-24
05-25
05-26
05-27
05-28
05-29
05-30
05-31
06-01
06-02
06-03
06-04
06-05
06-06
06-07
06-08
06-09
06-10
06-11
06-12
Market State
Total Score
SOPR
RHODL
Exchange Flow
LTH/STH
Miner
// Click a cell to drill down.
03
Indicator Snapshot · Latest Values
On-Chain Signal Breakdown
2026-06-12
Indicator Value 30D Trend Signal Score Rule Fired
SOPR (7D MA) 0.966 Capitulation / realized losses -1 sopr_ma < 0.98
RHODL Ratio (7D MA) 599 Long-horizon accumulation zone +1 rhodl_ma < 800
Exchange Flow (7D Sum) +5,018 Balanced exchange pressure +0 -8,000 <= 7D net flow <= +8,000
LTH/STH Rotation -0.43% Holder rotation is neutral +0 -0.6% <= lth_ma - sth_ma <= +0.6%
Miner Behaviour (Puell 7D) 0.594 Miner revenue stress / undervaluation +1 puell_ma < 0.6
04
Macro & Capital Drivers
Macro Drivers
−1 VOTE
IndicatorReadingSignal
US10Y YieldsTightening−1
Macro LiquidityConstrained0
Capital Flow
+1 VOTE
IndicatorReadingSignal
BTC ETF Flow ProxyETF Bid Supportive+1
BTC Dominance54% (stable)0
05
Backtest & Historical Database
Backtest Summary · 2026-04-17 → 2026-05-11
Rows
25
Transitions
9
Avg Score
+1.28
Dominant State
MILD BULLISH
STATE DISTRIBUTION
Market StateCount% of Period
MILD BULLISH1976%
NEUTRAL / SIDEWAYS312%
BULLISH TREND312%
FORWARD RETURNS BY STATE
StateSamplesMean 7D RetMedian
BULLISH TREND3+0.30%−2.51%
MILD BULLISH14+2.82%+2.52%
NEUTRAL1+0.43%+0.43%
Historical Regime Analogs
EUCLIDEAN DISTANCE
PeriodRegimeSimilarityNotes
2019 Bear Recovery Early Risk-On
81.2%
Post-capitulation recovery improving on-chain structure before broad liquidity confirmation.
2024 ETF Regime BTC-Led Risk-On
71.9%
ETF-led demand and BTC dominance mattered more than broad alt rotation.
2020 QE Expansion Risk-On
63.1%
Macro liquidity impulse dominated; risk assets benefited from easing financial conditions.
2021 Alt Season Alt Risk-On
46.9%
Broad capital rotation and strong narratives outperformed BTC-led exposure.
2022 Liquidity Collapse Risk-Off
16.1%
Tightening liquidity, negative capital flow, weak narratives, deteriorating on-chain structure.
06
Appendix
Recent Classifications · Last 14 Days
DateScoreMarket StateConviction
2026-05-30+0NEUTRAL / SIDEWAYSLOW
2026-05-31+0NEUTRAL / SIDEWAYSLOW
2026-06-01+0NEUTRAL / SIDEWAYSLOW
2026-06-02+0NEUTRAL / SIDEWAYSLOW
2026-06-03+0NEUTRAL / SIDEWAYSLOW
2026-06-04-1CAUTION / MILD BEARISHLOW
2026-06-05-1CAUTION / MILD BEARISHLOW
2026-06-06-1CAUTION / MILD BEARISHLOW
2026-06-07-1CAUTION / MILD BEARISHLOW
2026-06-08-1CAUTION / MILD BEARISHLOW
2026-06-09+1MILD BULLISHLOW
2026-06-10+0NEUTRAL / SIDEWAYSLOW
2026-06-11+1MILD BULLISHLOW
2026-06-12+1MILD BULLISHLOW
Data Quality & Source Status
// DATA NOTES
SOPR and RHODL are live Dune-derived proxies, not exact Glassnode-style cost-basis metrics. Exchange Flow uses live EVM CEX flow converted to BTC-equivalent units. LTH/STH uses live Bitcoin spent-age rotation from Dune. Solscan is not voting (API 401).
Methodology & Rule Logic
AreaMethod
Layer scoringEach live indicator votes −1, 0, or +1. Layer score is normalized by available max score so missing sources reduce coverage but do not fabricate a signal.
Historical similarityCurrent macro, capital-flow, on-chain, and narrative layer vector compared with historical regime templates using Euclidean distance.
Regime probabilitiesHeuristic scenario scores derived from layer ratios, BTC dominance behavior, narrative strength, and on-chain confirmation.
Confidence scoringBlends indicator alignment, historical similarity, volatility regime, and data coverage.
Proxy assumptionsPublic-data proxies used when institutional-grade datasets are unavailable: Dune-derived SOPR/RHODL, ETF signed dollar volume, exchange reserve pressure.
// Disclaimer & Limitations