BHI 3.0·Q1 2026 Bulletin
Last computed 14:32 UTC, Apr 29 2026·Spearman ρ = 0.83·Validation: preliminary
Today's bulletin →
Movers · since 14:32 UTC, Apr 29 2026
PLATFORM PROFILEBTC

Bitcoin (BTC)

$1.37T$128B ETF AUMCrypto Assets
1.82
B-index (V3.1)
EVENT HORIZON
Capture1.033
Escape0.567
Key Structural Insight

Bitcoin lock-in is institutional, not technical. $128B ETF AUM creates structural floor that token portability cannot erode.

Eleven-Parameter Profile

5DATAMEMACTPROCNETCLOSEPORTSUBFALLORGMOM
Data Depth6/10
Memory5/10
Action4/10
Process7/10
Network9/10
Closeness7/10
Portability8/10
Substitutability3/10
Human Fallback7/10
Org Depth8/10
Momentum5/10
Capture Escape Extended

V3.1 Decomposition

ComponentValueFormula
CES₄ capture core0.5442CES(d, m, a, p)
Knowledge synergy σₖ0.5477√(d · m)
Operability synergy σₒ0.5292√(a · p)
Synergy boost1.16151 + 0.3·(σₖ + σₒ)/2
Org-depth multiplier1.40001 + 0.5·o
Momentum multiplier1.15001 + 0.3·t
Total Capture1.0330c·(1+0.5n)·core·syn·org·mom
CES₃ escape core0.5770CES(x, s, h)
Feedback attenuation0.8095max(0.3, 1 − 0.35·core)
Total Escape0.5671ε + escCore · feedback
B = Capture / Escape1.821.033 / 0.567

Scoring Rationale

$128B+ spot ETF AUM. 401(k) integration. Mining infrastructure = billions in sunk capital. Reserve asset of crypto. But individual users face low protocol-level lock-in — tokens move freely.

Parameter Sensitivity

MARGINAL B-INDEX CHANGE PER ±1 SCORE SHIFT
CLOSE7
+0.52
ACT4
+0.27
SUB3
-0.25
MEM5
+0.23
DATA6
+0.21
PROC7
+0.19
FALL7
-0.16
PORT8
-0.15
ORG8
+0.13
NET9
+0.13
MOM5
+0.10
+ raises B (deepens lock-in) lowers B (aids escape)

Comparable PlatformsCrypto Assets (9 peers)

#PlatformTickerB-indexZone
01Solana (SOL)SOL4.83BLACK HOLEProfile →
02Ethereum (ETH)ETH4.57BLACK HOLEProfile →
03BNBBNB3.47BLACK HOLEProfile →
04Hyperliquid (HYPE)HYPE3.25BLACK HOLEProfile →
05TRON (TRX)TRX1.85EVENT HORIZONProfile →
06Tether (USDT)USDT1.72EVENT HORIZONProfile →
07Cardano (ADA)ADA1.12TRANSITIONProfile →
08XRPXRP1.02TRANSITIONProfile →
09Dogecoin (DOGE)DOGE0.17USEFUL TOOLProfile →