On-Chain Realized Bands & Cycle Support Cones
Spot ($61.25K)
Proposed Floor ($58K)
STH Realized
LTH Realized
Model Assessment: Proposed support at $58,000 sits 5.3% below spot price ($61,250) and aligns with the aggregate active investor cost basis. The Puell Multiple of 0.84 signals healthy post-halving miner fee normalization while SOPR ratio of 1.012 confirms absorption of short-term capitulation.
Scenario Comparative Ledger
| Cycle Thesis | Floor Level | SOPR | Puell Multiple | Exchange Netflow | Bottom Probability | Status |
|---|
Active configuration: Cointelegraph $58K James Check / Zach Pandl baseline.