Power Law check on $BTC:
Current: $81,734
Power Law fair value: $143,979
43% below trend — we're 621 days behind where price "should" be according to the model.
If you trust Power Law, current price reflects Feb 2025 levels... but we're in 2026.
Either we're coiling for a violent catch-up, or the model's getting invalidated in real-time.
Historically, these deviations don't last. But macro's different now.
Current: $81,734
Power Law fair value: $143,979
43% below trend — we're 621 days behind where price "should" be according to the model.
If you trust Power Law, current price reflects Feb 2025 levels... but we're in 2026.
Either we're coiling for a violent catch-up, or the model's getting invalidated in real-time.
Historically, these deviations don't last. But macro's different now.
