price_vs_sthUNKNOWN
Price relative to STH cost basis
Compare reconciled price range with reconciled cost-basis range without midpoint selection.
UNKNOWNspot.price_usd · ownership.sth_cost_basis_usd
Bitcoin State Engine · v0.1.44
What does the evidence
permit us to say now?
DEAL assembles reconciled measurement ranges, source independence, freshness, deterministic conditions and unresolved contradictions into one bitemporal market-state surface. It never invents a midpoint when sources disagree.
Valid time preserved Knowledge time preserved Range comparisons, not consensus
POPULATED METRICS1of 47
MULTI-LINEAGE1independently measured
CONFLICTS0kept visible
STALE / MISSING46not silently zeroed
Descriptive conditions
Rules, not vibes.
Each state below follows an explicit mathematical rule. UNKNOWN and UNRESOLVED are valid outputs.
price_vs_lthUNKNOWN
Price relative to LTH cost basis
Compare reconciled price range with reconciled cost-basis range without midpoint selection.
UNKNOWNspot.price_usd · ownership.lth_cost_basis_usd
price_vs_etfUNKNOWN
Price relative to ETF cost basis
Compare reconciled price range with reconciled cost-basis range without midpoint selection.
UNKNOWNspot.price_usd · institutional.etf_cost_basis_usd
funding_signUNKNOWN
Perpetual funding sign
Classify only when the entire reconciled measurement range lies above, below, or on zero.
derivatives.funding_rate_pct
etf_flow_signUNKNOWN
ETF net-flow sign
Classify only when the entire reconciled measurement range lies above, below, or on zero.
institutional.etf_net_flow_usd
exchange_netflow_signUNKNOWN
Exchange net-flow sign
Classify only when the entire reconciled measurement range lies above, below, or on zero.
spot.exchange_netflow_btc
orderbook_depth_relationUNKNOWN
Bid-depth vs ask-depth
Compare reconciled ±1% depth ranges directly.
UNKNOWNspot.orderbook_bid_depth_1pct_usd · spot.orderbook_ask_depth_1pct_usd
oi_trendUNKNOWN
Open interest trend
Compare non-overlapping reconciled measurement ranges across two time checkpoints.
7d · missing evidence at one or both checkpointsderivatives.open_interest_usd
stablecoin_supply_trendUNKNOWN
Stablecoin supply trend
Compare non-overlapping reconciled measurement ranges across two time checkpoints.
30d · missing evidence at one or both checkpointsliquidity.stablecoin_supply_usd
dxy_trendUNKNOWN
DXY trend
Compare non-overlapping reconciled measurement ranges across two time checkpoints.
30d · missing evidence at one or both checkpointsmacro.dxy
hashrate_trendUNKNOWN
Hash rate trend
Compare non-overlapping reconciled measurement ranges across two time checkpoints.
30d · reconciliation unavailablenetwork.hashrate_eh_s
exchange_balance_trendUNKNOWN
Exchange balance trend
Compare non-overlapping reconciled measurement ranges across two time checkpoints.
30d · missing evidence at one or both checkpointsownership.exchange_balance_btc
Contradiction surface
Source disagreement is evidence about measurement uncertainty.
No current DIVERGENCE or CONFLICT states.
Explicit limitations
Missing, stale or methodologically unresolved evidence stays visible.
Market capitalizationNO_DATA · NO_DATA · UNKNOWN
24h spot volumeNO_DATA · NO_DATA · UNKNOWN
Cumulative volume deltaNO_DATA · NO_DATA · UNKNOWN
Bid depth ±1%NO_DATA · NO_DATA · UNKNOWN
Ask depth ±1%NO_DATA · NO_DATA · UNKNOWN
Exchange netflowNO_DATA · NO_DATA · UNKNOWN
Open interestNO_DATA · NO_DATA · UNKNOWN
Perpetual funding rateNO_DATA · NO_DATA · UNKNOWN
Futures basisNO_DATA · NO_DATA · UNKNOWN
Long liquidationsNO_DATA · NO_DATA · UNKNOWN
Short liquidationsNO_DATA · NO_DATA · UNKNOWN
Liquidation cluster notionalNO_DATA · NO_DATA · UNKNOWN
Implied volatilityNO_DATA · NO_DATA · UNKNOWN
25Δ skewNO_DATA · NO_DATA · UNKNOWN
Put/call ratioNO_DATA · NO_DATA · UNKNOWN
Options open interestNO_DATA · NO_DATA · UNKNOWN
Domain coverage
Coverage is descriptive. It is not a confidence score and not a truth score.
Market1 / 7
Fresh1Multi-lineage1Conflict0Missing6
Derivatives0 / 6
Fresh0Multi-lineage0Conflict0Missing6
Options0 / 6
Fresh0Multi-lineage0Conflict0Missing6
Institutional0 / 4
Fresh0Multi-lineage0Conflict0Missing4
Ownership0 / 7
Fresh0Multi-lineage0Conflict0Missing7
Network0 / 8
Fresh0Multi-lineage0Conflict0Missing8
Liquidity0 / 4
Fresh0Multi-lineage0Conflict0Missing4
Macro0 / 5
Fresh0Multi-lineage0Conflict0Missing5
State integrity
Reconstructable by hash.
State SHA-256: 837c4d5bc76090071e37b533e0c434b833682bc66955ce501ef1753c5b326eacValid time: 2026-09-25T22:03:38ZKnowledge cutoff: 2026-09-25T22:03:38ZTrend window: 7 days
This hash binds the complete reconstructed state—including unknowns and contradictions—not merely the metrics that happened to look clean.