Research

The public record.

Admission runs, verdicts, and datasets. Pre-registered before testing, published pass or fail, reproducible by anyone.

AR-001 / AR-002July 2026

The Cost-Basis Verdict

MVRV Z-Score and NUPL, tested for admission against the Power Law. Directionally valid in isolation; no incremental out-of-sample information. Both rejected.

2 Rejections

Next in the queue: the holder-age field (RHODL vs Reserve Risk), the adoption field bootstrap, and a pre-registered revision of the independence test. Subscribe on the home page to get each record when it publishes.