The NHL playoff races are anything from settled, from seeding within the divisions to the mad dash to grab the remaining wild-card spots.

But when the dust clears and the 16 postseason spots are secured, it’ll be time to ask the big question: Who will win the Stanley Cup?

As we wait for that to play out, we’ll ask a different question: Who can realistically win the Stanley Cup?

The NHL Bubble Watch is our monthly check-in on the Stanley Cup playoff races using playoff probabilities and points projections from Stathletes for all 32 teams. We also reveal which teams shouldn’t worry about any of this because they’re lottery-bound already.

As a bonus this month, we’re looking at the Stanley Cup championship probabilities from Stathletes, and which teams have the best percentage chances of raising the chalice should they get in.

But first, a look at the projected playoff bracket: