Taking the sounding

sounding open dataReading the waterlineLive sources are loading. Nothing is filled with placeholder market data.

Bitget Token (BGB) Signal Lab evidence · Bathymark

Bitget Token BGB

An exchange token; venue confidence and market depth do most of the work.

This reading uses the last complete board

No newer complete refresh receipt is available. The complete board generated at 2026-07-12T17:47:46.433Z is being served as stale evidence while refresh continues. No newer refresh attempt receipt is available. Served snapshot: the last complete 88-asset board generated at 2026-07-12T17:47:46.433Z. Source snapshot 2026-07-12T17:46:17.900Z.

47/ 100

Watched asset · below the Signal Lab line

HoldingHigh confidence

BGB scores 47: valuation leads (0.2x market cap to protocol depth, 1.31x FDV to market cap), with liquidity depth the soft spot.

Price$1.68CoinGecko, observed 2026-07-12 UTC

Market cap$1.18B

Protocol depth$5.04B

What this page answers

BGB carries a Depth Composite of 47 of 100 and is watched inside the 88-asset Reef, below the Signal Lab line this read. BGB scores 47: valuation leads (0.2x market cap to protocol depth, 1.31x FDV to market cap), with liquidity depth the soft spot. The score is a sounding of open data: liquidity depth, real demand, valuation, trend, positioning, and narrative. Visible risk is carried separately and only subtracts when a source-backed threshold fires.

Signal Lab The indicator lab Upcoming pressure windows Pressure Window record

State: Last complete: Holding
Confidence: high83% component coverage. Visible risk covers 3 of 4 lanes.
Observed: 2026-07-12 17:46 UTC

Three strongest drivers

Liquidity depth13 / 100$1.18B market cap, $5.04B protocol depth
Valuation82 / 1000.2x market cap to protocol depth, 1.31x FDV to market cap
Real demand

overlay lab

BGB against the instruments

Compare the asset with available benchmark, observed-depth, and 200-day moving-average context. Each moving series starts at 100 at its first visible observation. Fixed price references use the asset's first visible price, so unlike units never pretend to share a raw scale.

Chart layers3 plotted, tap any layer to add or remove it

Add comparisons and price references (6)

Relative movement, each series starts at 100Shared window Jan 19, 2026 to Jul 12, 2026

BGB price-56.3%end index 43.7 · 175 plotted points

BTC price-31.9%end index 68.1 · 175 plotted points

200d moving average-46.2%end index 53.8 · 175 plotted points

Sources for 3 shown layers

BGB priceDeFiLlama Coins (last validated, stale)Jan 19, 2026 to Jul 12, 2026. Native asset daily price history through 2026-07-12 UTC. The latest label is the last history point, not a separate spot quote. The token price refresh is delayed. These are the last validated daily observations. Captured 2026-07-12T17:43:28.531Z. Checked 2026-07-12T18:21:00.990Z.
BTC priceDeFiLlama Coins (last validated, stale)Jan 19, 2026 to Jul 12, 2026. Bitcoin benchmark price. The token price refresh is delayed. These are the last validated daily observations. Captured 2026-07-12T17:46:58.675Z. Checked 2026-07-12T18:21:00.990Z.
200d moving averageBathymark computed from DeFiLlama Coins (last validated, stale)Jan 19, 2026 to Jul 12, 2026. Rolling average computed from 200 consecutive UTC-day price observations. The plotted line begins only once the first full window exists. The token price refresh is delayed. These are the last validated daily observations. Captured 2026-07-12T17:43:28.531Z. Checked 2026-07-12T18:21:00.990Z.

Sources for 3 shown layers

BGB priceDeFiLlama Coins (last validated, stale)Jan 19, 2026 to Jul 12, 2026. Native asset daily price history through 2026-07-12 UTC. The latest label is the last history point, not a separate spot quote. The token price refresh is delayed. These are the last validated daily observations. Captured 2026-07-12T17:43:28.531Z. Checked 2026-07-12T18:21:00.990Z.
BTC priceDeFiLlama Coins (last validated, stale)Jan 19, 2026 to Jul 12, 2026. Bitcoin benchmark price. The token price refresh is delayed. These are the last validated daily observations. Captured 2026-07-12T17:46:58.675Z. Checked 2026-07-12T18:21:00.990Z.
200d moving averageBathymark computed from DeFiLlama Coins (last validated, stale)Jan 19, 2026 to Jul 12, 2026. Rolling average computed from 200 consecutive UTC-day price observations. The plotted line begins only once the first full window exists. The token price refresh is delayed. These are the last validated daily observations. Captured 2026-07-12T17:43:28.531Z. Checked 2026-07-12T18:21:00.990Z.

Price references

Trend-only stress references. No multi-model band is implied. Cards compare with the timestamped quote; chart gaps compare with the shared-window daily close.

0.8x reference$1.87 · +13% vs current quoteunrated heuristic reference

Lower edge of a supported scenario band, or an unrated 0.8x moving-average reference.

Evidence: DeFiLlama Coins (last validated, stale) 200d moving average; displayed gap uses DeFiLlama Coins (last validated, stale)

Moving-average reference$2.33 · +42% vs current quoteunrated heuristic reference

Middle of a supported scenario band, or the current 200-day moving average.

Evidence: DeFiLlama Coins (last validated, stale) 200d moving average; displayed gap uses DeFiLlama Coins (last validated, stale)

1.6x reference$3.73 · +127% vs current quoteunrated heuristic reference

Upper edge of the scenario band, or an unrated 1.6x moving-average heat reference.

Evidence: DeFiLlama Coins (last validated, stale) 200d moving average; displayed gap uses DeFiLlama Coins (last validated, stale)

Bull-run heat reference$5.60 · +240% vs current quoteunrated heuristic reference

A 2.4x long-trend stretch, the heat zone used by the depth composite. It is a stress test, not a forecast.

Evidence: DeFiLlama Coins 200d moving average; displayed gap uses DeFiLlama Coins (last validated, stale)

These are unrated 200-day moving-average references, not a multi-model valuation band, targets, or advice.

The score, broken open

Seven components, then a risk penalty. Bars show each component's 0 to 100 reading; the percentage is its weight in the composite. A greyed bar means that lane is unassessed and makes no directional claim. The Source coverage row records the gap.

Liquidity depth20%13

$1.18B market cap, $5.04B protocol depth

Real demand20%34

1.2% daily turnover

Valuation15%82

0.2x market cap to protocol depth, 1.31x FDV to market cap

Trend quality15%49

0.72x its long trend, -5% over 30 days

Positioning10%Unassessed

Why it surfaced

Deep valuation (0.2x market cap to protocol depth, 1.31x FDV to market cap)
Fair trend quality (0.72x its long trend, -5% over 30 days)
Fair narrative (quiet in the attention feeds right now)

What would remove it

A further slide in liquidity depth ($1.18B market cap, $5.04B protocol depth) would pull it out.

Liquidity depth is the soft spot: $1.18B market cap, $5.04B protocol depth

Tailored news

Headlines are matched to BGB, Bitget Token, and its category tags from the open RSS newsroom. We link out to the publisher and do not reprint article bodies.

No matched headline right now

The current open RSS set has no direct BGB headline. Broader crypto headlines are intentionally not forced onto this asset.

The source trail

Every number on this page is a sounding of open, keyless data.

CoinGecko current quote, market cap, volume, supply, 24h, 7d, and 30d changes when available
DeFiLlama Coins (last validated, stale) daily price history, daily-history quote fallback, overlays, long trend, volatility, and correlations. The token price refresh is delayed. These are the last validated daily observations. Captured 2026-07-12T17:43:28.531Z. Checked 2026-07-12T18:21:00.990Z.
DeFiLlama chain TVL, protocol TVL, stablecoin depth, fees, revenue, DEX volume, yield pools, and OI where available
Hyperliquid perp funding, open interest, cross-venue funding, and visible order-book depth where listed
Binance USD-M Futures secondary public futures funding when Hyperliquid has no listed market
Coin Metrics Community API active-address and transaction counts for supported native-chain assets
growthepie public API covered-chain active addresses, transactions, fees, app fees, and stablecoin float
Bathymark newsroom RSS source-linked headlines matched to the asset name, ticker, and category tags

← Signal Lab The indicator lab Methodology

Connected to BGB

Drawn from the entity graph, so a question that starts here always has somewhere to go.

indicator lab similarOKB similarCRO similarHYPE similarXRP similarADA similarAVAX

overlay lab

BGB against the instruments

Chart layers3 plotted, tap any layer to add or remove it

Add comparisons and price references (6)

Relative movement, each series starts at 100Shared window Jan 19, 2026 to Jul 12, 2026

BGB price-56.3%end index 43.7 · 175 plotted points

BTC price-31.9%end index 68.1 · 175 plotted points

200d moving average-46.2%end index 53.8 · 175 plotted points

Sources for 3 shown layers

BGB priceDeFiLlama Coins (last validated, stale)Jan 19, 2026 to Jul 12, 2026. Native asset daily price history through 2026-07-12 UTC. The latest label is the last history point, not a separate spot quote. The token price refresh is delayed. These are the last validated daily observations. Captured 2026-07-12T17:43:28.531Z. Checked 2026-07-12T18:21:00.990Z.
BTC priceDeFiLlama Coins (last validated, stale)Jan 19, 2026 to Jul 12, 2026. Bitcoin benchmark price. The token price refresh is delayed. These are the last validated daily observations. Captured 2026-07-12T17:46:58.675Z. Checked 2026-07-12T18:21:00.990Z.
200d moving averageBathymark computed from DeFiLlama Coins (last validated, stale)Jan 19, 2026 to Jul 12, 2026. Rolling average computed from 200 consecutive UTC-day price observations. The plotted line begins only once the first full window exists. The token price refresh is delayed. These are the last validated daily observations. Captured 2026-07-12T17:43:28.531Z. Checked 2026-07-12T18:21:00.990Z.

Sources for 3 shown layers

BGB priceDeFiLlama Coins (last validated, stale)Jan 19, 2026 to Jul 12, 2026. Native asset daily price history through 2026-07-12 UTC. The latest label is the last history point, not a separate spot quote. The token price refresh is delayed. These are the last validated daily observations. Captured 2026-07-12T17:43:28.531Z. Checked 2026-07-12T18:21:00.990Z.
BTC priceDeFiLlama Coins (last validated, stale)Jan 19, 2026 to Jul 12, 2026. Bitcoin benchmark price. The token price refresh is delayed. These are the last validated daily observations. Captured 2026-07-12T17:46:58.675Z. Checked 2026-07-12T18:21:00.990Z.
200d moving averageBathymark computed from DeFiLlama Coins (last validated, stale)Jan 19, 2026 to Jul 12, 2026. Rolling average computed from 200 consecutive UTC-day price observations. The plotted line begins only once the first full window exists. The token price refresh is delayed. These are the last validated daily observations. Captured 2026-07-12T17:43:28.531Z. Checked 2026-07-12T18:21:00.990Z.

Price references

Trend-only stress references. No multi-model band is implied. Cards compare with the timestamped quote; chart gaps compare with the shared-window daily close.

0.8x reference$1.87 · +13% vs current quoteunrated heuristic reference

Lower edge of a supported scenario band, or an unrated 0.8x moving-average reference.

Evidence: DeFiLlama Coins (last validated, stale) 200d moving average; displayed gap uses DeFiLlama Coins (last validated, stale)

Moving-average reference$2.33 · +42% vs current quoteunrated heuristic reference

Middle of a supported scenario band, or the current 200-day moving average.

Evidence: DeFiLlama Coins (last validated, stale) 200d moving average; displayed gap uses DeFiLlama Coins (last validated, stale)

1.6x reference$3.73 · +127% vs current quoteunrated heuristic reference

Upper edge of the scenario band, or an unrated 1.6x moving-average heat reference.

Evidence: DeFiLlama Coins (last validated, stale) 200d moving average; displayed gap uses DeFiLlama Coins (last validated, stale)

Bull-run heat reference$5.60 · +240% vs current quoteunrated heuristic reference

A 2.4x long-trend stretch, the heat zone used by the depth composite. It is a stress test, not a forecast.

Evidence: DeFiLlama Coins 200d moving average; displayed gap uses DeFiLlama Coins (last validated, stale)

These are unrated 200-day moving-average references, not a multi-model valuation band, targets, or advice.

Metric evidence desk

Exact readings, their meaning, data state, and source. Metrics are grouped by purpose so they can be read in context. Optional missing readings are omitted rather than padded with empty cards.

22 readings shown

Sourced: 9
Computed: 13

12 optional readings currently have no defensible value and are omitted.

Price and market risk

Price action, long-trend context, volatility, and benchmark relationships.

12 metrics

Latest daily price

Sourced

$1.64daily history through 2026-07-12 UTC

Available from the named upstream source.

CoinGecko was unavailable, so this is the fresh DeFiLlama Coins daily point dated 2026-07-12 UTC. It is not presented as a live quote.

DeFiLlama Coins

1d history move

Computed

-1.5%2026-07-11 to 2026-07-12 UTC

Calculated by Bathymark from named source inputs.

Bathymark computes this from adjacent DeFiLlama Coins daily history points. It is distinct from CoinGecko's rolling 24h move.

DeFiLlama Coins

24h move

Sourced

+1.9%one day

Available from the named upstream source.

A fast move only matters if volume, depth, or leverage confirms it.

CoinGecko

7d move

Sourced

-2.0%one week

Available from the named upstream source.

The weekly tide is where short squeezes and real demand start to separate.

CoinGecko

30d move

Sourced

-5.4%one month

Available from the named upstream source.

Monthly relative strength is the cleanest price read before it gets noisy.

CoinGecko

90d high gap

Computed

-24.8%from local high

Calculated by Bathymark from named source inputs.

A negative number shows how far price sits below its recent shelf.

Bathymark computed from DeFiLlama Coins (last validated, stale)

30d volatility

Computed

+33%annualized

Calculated by Bathymark from named source inputs.

Wildness from actual daily returns, not vibes.

Bathymark computed from DeFiLlama Coins (last validated, stale)

200d moving average

Computed

$2.33-29.5% vs trend

Calculated by Bathymark from named source inputs.

The moving average is computed only after 200 consecutive UTC daily observations and a fresh final point clear the coverage gate.

Bathymark computed from DeFiLlama Coins (last validated, stale)

Trend multiple

Computed

0.70xprice / 200d

Calculated by Bathymark from named source inputs.

Above 2.4x is treated as heat in the depth composite.

Bathymark computed from DeFiLlama Coins and DeFiLlama Coins (last validated, stale)

BTC correlation

Computed

0.54daily returns

Calculated by Bathymark from named source inputs.

How much this asset is really just Bitcoin beta right now.

Bathymark computed from DeFiLlama Coins (last validated, stale)

ETH correlation

Computed

0.51daily returns

Calculated by Bathymark from named source inputs.

Useful for spotting when an alt is moving with Ethereum rather than its own story.

Bathymark computed from DeFiLlama Coins (last validated, stale)

SOL correlation

Computed

0.48daily returns

Calculated by Bathymark from named source inputs.

A fast check for Solana-beta hiding inside an unrelated ticker.

Bathymark computed from DeFiLlama Coins (last validated, stale)

Liquidity and use

Market size, turnover, onchain depth, fees, revenue, and available yield context.

6 metrics

Market cap

Sourced

$1.18Bfloat value

Available from the named upstream source.

Size is not conviction, but it decides how much water the asset displaces.

CoinGecko

24h volume

Sourced

$14.64Mreported spot flow

Available from the named upstream source.

Volume tells us whether the market is actually crossing the spread.

CoinGecko

Turnover

Computed

+1.2%volume / cap

Calculated by Bathymark from named source inputs.

High turnover can mean demand, churn, or liquidation. It needs context.

Bathymark computed

Scenario references

Model cases shown as reference levels, never forecasts or price targets.

4 metrics

Moving-average reference

Computed

$2.33+42%

Calculated by Bathymark from named source inputs.

Current unrated 200-day moving-average reference, not a forecast.

DeFiLlama Coins

0.8x trend reference

Computed

$1.87+13%

Calculated by Bathymark from named source inputs.

Unrated 0.8x moving-average stress reference, not a probability or target.

DeFiLlama Coins

1.6x trend reference

Computed

$3.73+127%

Calculated by Bathymark from named source inputs.

Unrated 1.6x moving-average heat reference, not a probability or target.

DeFiLlama Coins

Three strongest drivers

BGB against the instruments

Price references

The score, broken open

Why it surfaced

What would remove it

Tailored news

The source trail

Connected to BGB

What changed

Is it unusual

How it compares

Why it matters

What argues against this reading

What would change the call

Next review

Exact sources

Formula

Snapshot receipt

Missing inputs

BGB against the instruments

Price references

Tailored news

The source trail

Metric evidence desk

Price and market risk

Latest daily price

1d history move

24h move

7d move

30d move

90d high gap

30d volatility

200d moving average

Trend multiple

BTC correlation

ETH correlation

SOL correlation

Liquidity and use

Market cap

24h volume

Turnover

Scenario references

Moving-average reference

0.8x trend reference

1.6x trend reference

FDV load

Depth

Depth tide

Bull-run stretch