{"success":true,"engine":"Black Belt Labs","metric_id":"M50005","name":"Exchange Reserve Risk","category":"exchange","classification":"classic","update_frequency":"15min","inputs":["Curated reference data","Exchange market data","On-chain data"],"inputs_are":"types of input","lookback_windows":["26 HOUR"],"lookback_basis":"windows found in the implementation (INTERVAL clauses)","formula":"Proxy for exchange reserve drawdown risk from BBL-tracked ETH exchange hot wallets (5 addresses: Binance, Coinbase, Kraken). Cumulative net inflow forms a reserve-level proxy; the metric is its drawdown from the trailing 365-day peak, expressed in days of typical (180-day average) gross flow. Higher = reserves draining faster from their peak; normalized 50 = about 6 days of typical flow withdrawn. Declared proxy: ETH hot wallets only (BTC cold wallets trade too rarely for a flow-normalized level); does not cover full exchange reserves.","formula_published":true,"definition_version":"v00001","definition_history":[{"version":"v00001","effective_from":"2026-02-05T18:07:42Z","change_note":"initial recorded definition"}],"methods":["progr"],"disclaimer":"Madjik metrics are informational market indicators computed by Black Belt Labs. They are not investment advice, an offer, or a recommendation to buy or sell any asset."}