Quick breakdown without reading a full report.
Elevated
Updated: Feb 18, 2026, 4:42 PM
Market condition sits in a balanced range with mixed on-chain activity metrics.
Top similar periods
Most similar 30-day period: Apr 2, 2019 to May 1, 2019
Similarity 87%
What happened next (median)
30-day median return: ↑+8.1%
30-day historical range (similar periods): ↓-12.4% to ↑+18.7%
30-day was positive in 62% and negative in 38% of similar periods
#2 similar 30-day period: Jul 11, 2020 to Aug 9, 2020
Similarity 82%
What happened next (median)
30-day median return: ↑+5.3%
30-day historical range (similar periods): ↓-9.1% to ↑+14.2%
30-day was positive in 58% and negative in 42% of similar periods
#3 similar 30-day period: Sep 3, 2021 to Oct 2, 2021
Similarity 79%
What happened next (median)
30-day median return: ↑+3.7%
30-day historical range (similar periods): ↓-11.8% to ↑+12.9%
30-day was positive in 55% and negative in 45% of similar periods
Historical-similarity context only. Not a forecast.
Free preview includes 3 closest matches, 30-day median return, and positive/negative period share. →
Score now
67/100
Market band
Elevated zone
Suggested stance
Momentum exists, but keep risk limits tight.
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This score combines holder positioning, unrealized profits, spent outputs, and miner behavior. It is built to help you avoid emotional decisions.
Quick interpretation
Current levels are in line with mid-cycle historical context.
Why it matters
You get one direction signal first, then decide whether to drill deeper.
Read each card in 5 seconds: what it is, normal range, and why high/low zones matter.
MVRV Z-Score
Historical range: −1.0 → 7.5
Shows how stretched price is versus realized cost basis.
Lower band: Lower values often appear near fear or reset phases.
Higher band: Higher values can signal overheating and profit-taking risk.
Full metric regime view
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UnlockNUPL
Historical range: −0.4 → 0.8
Tracks unrealized profit or loss across the network.
Lower band: Lower values suggest stress and weaker holder confidence.
Higher band: Higher values suggest euphoria and elevated downside risk.
Full metric regime view
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UnlockSOPR
Historical range: 0.85 → 1.2
Shows whether coins move on-chain at profit or loss.
Lower band: Below 1.0 often means capitulation or weak conviction.
Higher band: Sustained strength above 1.0 supports trend continuation.
Full metric regime view
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UnlockPuell Multiple
Historical range: 0.3 → 6.0
Compares miner revenue to its long-term baseline.
Lower band: Depressed values can appear in late bear-market phases.
Higher band: Elevated values can align with late-cycle excess.
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Go to full accessDerived from aggregated on-chain datasets, historical cycle models, and network activity analytics.