The Bitcoin Realized Power-Law Envelope (RPLE) – Using Realized Price to model Bitcoin's long-term floor and ceiling.

The article introduces the Bitcoin Realized Power-Law Envelope (RPLE), a new empirical framework using Realized Price to model Bitcoin's long-term price floor and ceiling. It argues that Realized Price, reflecting actual capital inflow, provides a more robust anchor than traditional time-based power-law models. The model defines statistical bounds for BTC price action and emphasizes on-chain fundamentals over speculative targets.