$BTC trading 42% below Power Law trend at $81k vs $140k model price

Price action is 603 days behind where it should be according to the curve

Power Law suggests we're at Jan 2023 levels in terms of cycle positioning

This is either:
• Massive accumulation zone before next leg
• Model breakdown signal
• Macro headwinds delaying inevitable catch-up

Historically, deviations this wide don't last. Either we rip to close the gap or the model needs recalibration

Watch for liquidity influx or continued range grind