{
 "id": "backed-govies-0-6-months-euro",
 "symbol": "BC3M",
 "name": "Backed GOVIES 0-6 months EURO",
 "archetype": "RWA",
 "archetype_reason": "category match: 'real world assets (rwa)'",
 "contract": {
  "chain": "ethereum",
  "address": "0x2f123cf3f37ce3328cc9b5b8415f9ec5109b45e7"
 },
 "price": {
  "price_usd": 144.19,
  "ath_usd": 151.45,
  "ath_date": "2026-01-27T21:00:05.078Z",
  "market_cap": 9866288,
  "volume_24h": 0.0,
  "price_chg_30d_pct": -1.24548,
  "price_chg_60d_pct": -2.46332,
  "price_chg_200d_pct": -2.36909,
  "coingecko_url": "https://www.coingecko.com/en/coins/backed-govies-0-6-months-euro"
 },
 "provenance": {
  "batch_date": "2026-07-14",
  "bagcheck_version": "0.17.1",
  "snapshot_id": "2026-07-14 v16",
  "label": "scored monthly \u00b7 batch of 2026-07-14"
 },
 "refused": false,
 "reclaim": {
  "severity": "SHALLOW",
  "line": "Down 5% from ATH \u2014 reclaiming it needs 1.1\u00d7 from here. Historically ~55% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 4.8,
  "reclaim_multiple": 1.1,
  "base_rate_label": "down <50%",
  "base_rate": 0.55,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 1.1\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 38.9,
  "aliveness": "WEAKENING",
  "aliveness_note": "Multiple systems weakening; the project is in decline.",
  "mechanical_aliveness": "WEAKENING",
  "band_capped": false,
  "confidence": "HIGH",
  "confidence_detail": "measuring 6 of 6 factors (100% of the weight that matters for a RWA asset)"
 },
 "bottom_line": "Down 5%, aliveness reads WEAKENING. Being functional is not recovery \u2014 the reclaim base rate is ~55%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.25,
   "status": "measured",
   "score": 70.0,
   "detail": "4 commits/4wk, 7 contributors, last commit 1d ago \u2014 actively developed.",
   "note": ""
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.15,
   "status": "measured",
   "score": 25.0,
   "detail": "holders +0/30d (+0.0%, Bin 3/10 vs 180 RWA peers) \u2014 holders are leaving \u2014 conviction is draining. [RWA bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 5.0,
   "detail": "$0/24h (Bin 1/10 vs 215 RWA peers), 0.00% turnover (Bin 1/10) \u2014 exit liquidity is thin for its class \u2014 selling moves the price.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.12,
   "status": "measured",
   "score": 15.0,
   "detail": "0 transfers/day (Bin 2/10 vs 175 RWA peers) \u2014 transfer activity, not users; proxy tier \u2014 little on-chain movement. [RWA bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.2,
   "status": "measured",
   "score": 55,
   "detail": "100% of supply circulating (Bin 8/10 vs 265 RWA peers), FDV/MC 1.0x (Bin 7/10), no max supply \u2014 meaningful dilution still to come \u2014 uncapped supply (perpetual emission risk, capped).",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 40.0,
   "detail": "30d -1% (Bin 5/10 vs 265 RWA peers), 200d -2% (Bin 4/10) \u2014 middle of its peer pack.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}