Bitcoin Risk Metric

Combined Structural + Momentum · Power-Law Regression · Live
Price
Combined Risk
AccumulateNeutralCaution
Fair Value
Deviation

Price at Each Risk Level (Combined)

BTC/USD — Price Colored by Risk (Log Scale)
Risk:
Risk Oscillator (0 – 1)
Combined = √(Structural × Momentum)
Risk:
Median 1-Year Forward Return by Risk Decile

Methodology (Combined Risk — Live)

Power-Law Regression: log₁₀(price) vs log₁₀(days since Jan 3 2009). The residual measures deviation from the long-run trend.

Structural Risk (Min/Max): Normalizes the residual against all-time extremes. Macro positioning signal.

Momentum Risk (Rolling Z-Score → CDF): 4-year rolling z-score mapped through Gaussian CDF. Cycle-sensitive, adapts to declining volatility.

Combined: Geometric mean √(S × M) of both. Pulls toward the lower signal — if either frame says low risk, that's more informative. Backtested across all deciles with strongly monotonic forward returns.

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