{
 "id": "microstrategy-xstock",
 "symbol": "MSTRX",
 "name": "MicroStrategy xStock",
 "archetype": "RWA",
 "archetype_reason": "category match: 'real world assets (rwa)'",
 "contract": {
  "chain": "arbitrum-one",
  "address": "0xae2f842ef90c0d5213259ab82639d5bbf649b08e"
 },
 "price": {
  "price_usd": 93.55,
  "ath_usd": 462.34,
  "ath_date": "2025-07-18T05:29:46.066Z",
  "market_cap": 33859637,
  "volume_24h": 1312398,
  "price_chg_30d_pct": -24.82118,
  "price_chg_60d_pct": -47.8959,
  "price_chg_200d_pct": -41.49832,
  "coingecko_url": "https://www.coingecko.com/en/coins/microstrategy-xstock"
 },
 "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": "DEEP",
  "line": "Down 80% from ATH \u2014 reclaiming it needs 4.9\u00d7 from here. Historically ~18% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 79.7,
  "reclaim_multiple": 4.9,
  "base_rate_label": "down 70-85%",
  "base_rate": 0.18,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 4.9\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 35.1,
  "aliveness": "IMPAIRED",
  "aliveness_note": "Core systems impaired; consistent with a project in decline.",
  "mechanical_aliveness": "IMPAIRED",
  "band_capped": false,
  "confidence": "MEDIUM",
  "confidence_detail": "measuring 5 of 6 factors (75% of the weight that matters for a RWA asset)"
 },
 "bottom_line": "Down 80%, aliveness reads IMPAIRED. Being functional is not recovery \u2014 the reclaim base rate is ~18%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.25,
   "status": "pending",
   "score": null,
   "detail": "",
   "note": "dev activity (wired); treasury runway, fees/revenue (v1)"
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.15,
   "status": "measured",
   "score": 68.6,
   "detail": "holders +103/30d (+25.3%, Bin 9/10 vs 180 RWA peers), concentration HHI 0.534 (Bin 3/10 vs 58 RWA peers) \u2014 holders are accumulating against the drawdown. [RWA bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 57.0,
   "detail": "$1,312,398/24h (Bin 7/10 vs 215 RWA peers), 3.88% turnover (Bin 5/10) \u2014 liquidity is light for its class.",
   "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": 15.0,
   "detail": "31% of supply circulating (Bin 2/10 vs 265 RWA peers), FDV/MC 3.2x (Bin 2/10), no max supply \u2014 heavy unminted/uncapped supply hangs over every holder \u2014 uncapped supply (perpetual emission risk, capped).",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 10.0,
   "detail": "30d -25% (Bin 1/10 vs 265 RWA peers), 200d -41% (Bin 2/10) \u2014 lagging its peer group badly.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}