ΦBitcoin Field Theory

The Census

US Spot ETF Net Flows

Insufficient history

Its available data spans too little history for any confirmed-tier call - the observed correlations below are regime-bound and are reported, not chained. A verdict this early would be a guess, so there isn't one.

What it claims to measure

Net capital flow (liquidity)

Definition and source

Observed correlations vs tested instruments

VersusSpearman rhoWindowTier
mvrv-z-score+0.613120 weeksprovisional / below threshold
nupl+0.593120 weeksprovisional / below threshold
power-law+0.588120 weeksprovisional / below threshold

Confirmed means the correlation held at |rho| ≥ 0.85 over at least four years AND in both halves of the window independently. Anything less is reported but never used to assign a verdict.

Registry notes

history from 2024-01 launch only: PROVISIONAL statuses per DR-004 sec 3

Challenge this status

Every status here is falsifiable. If you can demonstrate this instrument decorrelates from its assigned representative - or measures a phenomenon we have missed - it earns its own full trial, and the record publishes either way. The petition channel opens with the public repository.

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