According to @caprioleio, Bitcoin's raw Energy Value just reached 187,000 USD for the first time ever, marking a new all‑time high for the model. Source: @caprioleio on X, Sep 11, 2025. The Energy Value model, created by Charles Edwards, estimates BTC's valuation from network energy consumption and mining efficiency, so a new high indicates a rising implied valuation baseline within this framework. Source: Capriole Investments research on the Bitcoin Energy Value model by Charles Edwards. Historically, sustained uptrends in Energy Value have aligned with multi‑month BTC bull phases and periods of mean reversion when spot traded below the model, which traders monitor for directional bias. Source: Capriole Investments research on Energy Value historical performance. Actionably, traders can track the spread between spot BTC and the 187,000 USD Energy Value for potential mean‑reversion setups, and watch hash rate and difficulty trends as confirmation of increasing network energy input. Source: Capriole Investments research for model usage; Bitcoin protocol documentation for hash rate and difficulty as core network metrics.