R05 · JUNCTION · LAYER 13 OF 15 (DERIVED)Valuation
Did behavior change, or just the price?
BLOCKED
THE REGISTERED QUESTION
Has monetary behavior changed, or only market price?
LEVEL Gate · CONFIDENCE NOT_ASSESSED · DEFINITION DEFINED
FALSIFIABLE CLAIM
A monetary reclassification state cannot be supported by price appreciation alone; it requires sustained economic settlement plus evidence of lower velocity or longer holding duration.
STRENGTHENS IF
Settlement and holding behavior improve before or alongside relative valuation.
FRAMEWORK ANCHOR
Ch. 15, store of value as a velocity regime
REQUIRES: SET-BOUNDS-001 METHOD_REQUIRED · VAL-HOLD-001 BLOCKED
FEEDS: TSB-CORE-001 BLOCKED ↓ TRUNK
FEEDS: TSB-CORE-001 BLOCKED ↓ TRUNK
GATED BY 6 BLOCKED ANCESTORS
BLOCKING FRONTIER · 2
VAL-HOLD-001Is it held, not just passed through?BLOCKED
SET-BOUNDS-001How much can we honestly claim?METHOD_REQUIRED
NEAREST LEVER · VAL-HOLD-001 — CLEARING IT DROPS THIS TO GATED BY 5
MECHANISM · FROM THE BOOK · NOT MEASURED — B
OBJ-SETTLEMENT-FILTERS · THE REGISTERED FILTERS
OBJ-VALUATION-HYPOTHETICAL · HOW THE BASE SCALES — SETTLEMENT AND HOLDING AS MULTIPLIERS
BOUND METRICS · 2
M-VAL-MARKET-MULTIPLECurrent market/use multipleMARKET_OVERLAY ratio
M-VAL-MARKET-RESIDUALUnexplained current-market residualMARKET_OVERLAY USD
ANSWER NO IF
Price rises without persistent settlement or holding changes.