Bitcoin Structural Integrity: 2026-03-19
Lower?
Bitcoin is trading 43.67% below its implied price, in accordance with the power law. Our first pullback below $70,000 since early March.
Daily Drift Diagnostics (2026-03-19)
Exponent: 5.6364 (-1.3600%)
R²: 0.9432 (+0.0300%)
March 19, 2026 @ $69,562 (p22)
Today is our first pullback below $70,000 since early March. After a stretch mostly north of that through mid‑March, spot price is back in the band we were navigating when we published Is regime shift on the way? — a read on the 2Y and 4Y rolling exponents slowing together and what that tends to mean for regime.
Through a power‑law lens, Bitcoin remains under the 25th price percentile and 43.67% below its implied price — with the underlying structure still intact.
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