{"generated_at":"2026-10-25T07:42:34.130051+00:00","summary":["Bitcoin trades at $80,572 against a previous close of $80,770 on 2026-10-24.","That is 1.22x the power-law floor of $66,164 and 0.51x the median of $157,534.","STRC last closed at $99.36 on 2026-10-23, $0.64 under its $100 par, session 112 of the current run below par.","Spot Bitcoin ETFs shed $635.6 million on 2026-10-22.","The 10-year Treasury reads 5.00% as of 2026-10-23.","The network runs at 1,007 EH/s, with the chain at block 972,980.","Strategy holds 848,517 BTC at a stated average of $75,446, as of 2026-10-18."],"readings":{"btc_spot":{"label":"BTC spot","value":80572.395,"unit":"USD","source":"Coinbase live ticker","observed":"2026-10-25T07:42:34.109179+00:00","note":"Live quote at request time."},"btc_previous_close":{"label":"BTC previous close","value":80769.67,"unit":"USD","source":"btc_price_daily (Coinbase daily close)","observed":"2026-10-24"},"power_law_floor":{"label":"Power-law floor","value":66164.2034984507,"unit":"USD","source":"Santostasi power law, computed for the date shown","observed":"2026-10-24"},"power_law_median":{"label":"Power-law median","value":157533.81785345406,"unit":"USD","source":"Santostasi power law, computed for the date shown","observed":"2026-10-24"},"power_law_ceiling":{"label":"Power-law ceiling","value":472601.4535603622,"unit":"USD","source":"Santostasi power law, computed for the date shown","observed":"2026-10-24"},"multiple_of_floor":{"label":"Price to floor","value":1.2177641494903915,"unit":"x","source":"derived: live spot / floor","observed":"2026-10-25T07:42:34.109179+00:00","note":"Live spot against the floor for 2026-10-24."},"multiple_of_median":{"label":"Price to median","value":0.5114609427859644,"unit":"x","source":"derived: live spot / median","observed":"2026-10-25T07:42:34.109179+00:00","note":"Live spot against the median for 2026-10-24."},"multiple_of_ceiling":{"label":"Price to ceiling","value":0.17048698092865477,"unit":"x","source":"derived: live spot / ceiling","observed":"2026-10-25T07:42:34.109179+00:00","note":"Live spot against the ceiling for 2026-10-24."},"cp":{"label":"Cycle position (cp)","value":0.1002,"unit":"","source":"derived: log position of the live spot between floor and ceiling","observed":"2026-10-25T07:42:34.109179+00:00","note":"0 at the floor, 1 at the ceiling. Bands for 2026-10-24."},"v4_prediction_7d":{"label":"Model 7-day median (model output, not a forecast)","value":82371.64214367596,"unit":"USD","source":"v4 model, era era3","observed":"2026-10-24","note":"A modelled relationship between price and time. It is not a prediction of price."},"strc_last_close":{"label":"STRC last close","value":99.36000061035156,"unit":"USD","source":"btc_strc_daily (raw close, Nasdaq)","observed":"2026-10-23","note":"The last completed session. STRC trades 09:30 to 16:00 ET."},"strc_delta_to_par":{"label":"STRC last close against $100 par","value":-0.64,"unit":"USD","source":"derived: last close - 100","observed":"2026-10-23","note":"Negative means the at-the-market issuance channel is shut."},"strc_rate":{"label":"STRC annual rate","value":12.0,"unit":"%","source":"declared rate, or the paid rate when it leads","observed":"2026-10-23"},"strc_atm_state":{"label":"STRC issuance state","value":"closed","unit":"","source":"derived from close against par","observed":"2026-10-23"},"strc_sessions_below_par":{"label":"STRC consecutive sessions below par","value":112,"unit":"","source":"btc_strc_daily, consecutive settled closes under par","observed":"2026-10-23","note":"Trading sessions, not calendar days."},"etf_net_flow":{"label":"Spot ETF net flow, latest session","value":-635600000.0,"unit":"USD","source":"etf_flows_daily (Farside), settled session","observed":"2026-10-22","note":"The session in progress is excluded until the funds report."},"etf_cumulative":{"label":"Spot ETF cumulative net flow","value":57388400000.0,"unit":"USD","source":"Farside final sessions, through the one shown","observed":"2026-10-22"},"dgs10":{"label":"10-year Treasury","value":5.0,"unit":"%","source":"macro_indicators_daily, FRED DGS10","observed":"2026-10-23"},"dtwexbgs":{"label":"Dollar index (broad)","value":121.4048,"unit":"index","source":"macro_indicators_daily, FRED DTWEXBGS","observed":"2026-10-16"},"vixcls":{"label":"VIX","value":19.03,"unit":"index","source":"macro_indicators_daily, FRED VIXCLS","observed":"2026-10-22"},"hashrate_ehs":{"label":"Network hashrate","value":1006.99931123892,"unit":"EH/s","source":"mempool.space live, point dated 2026-10-25 (read 2026-10-25T07:42+00:00), completed UTC day","observed":"2026-10-24"},"difficulty":{"label":"Difficulty","value":140577680051919.6,"unit":"","source":"mempool.space live, point dated 2026-10-25 (read 2026-10-25T07:42+00:00), completed UTC day","observed":"2026-10-24"},"hashrate_live_ehs":{"label":"Network hashrate, live 3-day estimate","value":1068.9795736862409,"unit":"EH/s","source":"mempool.space live, read at request time","observed":"2026-10-25","note":"Read at 07:42 UTC; averages the last three days of blocks."},"block_height":{"label":"Block height","value":972980,"unit":"","source":"mempool.space tip height (raw ingest)","observed":"2026-10-24"},"halving_cycle":{"label":"Halving cycle","value":4,"unit":"","source":"derived: height // 210000","observed":"2026-10-24"},"halving_cycle_progress":{"label":"Position in cycle","value":63.3,"unit":"%","source":"derived: (height mod 210000) / 210000","observed":"2026-10-24"},"next_halving_height":{"label":"Next halving at block","value":1050000,"unit":"","source":"derived: (cycle + 1) * 210000","observed":"2026-10-24"},"block_subsidy":{"label":"Block subsidy","value":3.125,"unit":"BTC","source":"derived: 50 / 2**cycle","observed":"2026-10-24"},"strategy_holdings":{"label":"Strategy BTC holdings","value":848517.0,"unit":"BTC","source":"8-K filed 2026-10-19, stated holdings","observed":"2026-10-18"},"strategy_aggregate_cost":{"label":"Strategy aggregate purchase price","value":64019999999.99999,"unit":"USD","source":"8-K filed 2026-10-19, stated aggregate","observed":"2026-10-18","note":"Inclusive of fees and expenses, as the filing states it."},"strategy_avg_cost":{"label":"Strategy average purchase price","value":75446.0,"unit":"USD","source":"8-K filed 2026-10-19, stated average","observed":"2026-10-18","note":"The whole position, as stated in the filing."}},"disclaimer":"Structural analysis of public market data. Model outputs describe a modelled relationship, not a forecast. Not investment advice.","links":{"dashboard":"/static/dashboard.html","json":"/today.json","publication":"https://bitcoinhashpoint.com","feed":"https://bitcoinhashpoint.com/rss.xml"}}