AI Insight

Market Overview Read

Updated Aug 19, 03:13 PMRead more

Sentiment remains cautious, with the Fear and Greed Index at 35 and a net BTC ETF outflow of 56.2 million in the latest session, while ETH ETFs saw a small 5.9 million inflow. Derivatives activity is mixed: BTC futures open interest rose 2.9% over seven days, but overall futures and spot volume both declined roughly 20% week-over-week.

Liquidity conditions are tepid, as stablecoin market cap is flat over 30 days despite a slight 1.7% rise in CEX reserves. The AHR999 indicator at 0.337 and a negative Bitcoin Macro Oscillator point to a subdued macro backdrop, while public BTC treasuries decreased by 245 BTC over 30 days and miner profitability remains stressed, with 31.8% of miners unprofitable.

Valuation gauges label BTC as undervalued: Puell Multiple at 0.754, MVRV Z-Score at 0.437, and Reserve Risk near historical bottoms. ETH similarly sits undervalued with a negative MVRV Z-Score and negative NUPL, though its realized price of 2,273 sits well below current levels. Option skew is mildly positive and put/call ratios imply no extreme hedging stress.

Overall, the data suggests a risk-off tone with weak spot participation, but on-chain metrics are aligning with historically low valuation zones, leaving room for cautious observation.

Auto-generated by AI from current dashboard data, for reference only; not investment advice.

Must-reads today

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All reports

Flow triad

ETF net flows, stablecoin mcap, and CEX reserves

Derivatives pulse

Open interest and extreme funding in one line

Treasury holdings

Public-company / government BTC & ETH holdings and 30d net change

Hyperliquid snapshot

Daily volume and open interest on-chain perps

Short-term · Sentiment & Flows

Intraday-to-days flow and sentiment signals

Mid-term · Liquidity & Macro

Weeks-to-months liquidity and macro signals

Institutions & Supply

Treasuries, mining, ETF premium, and CEX reserves

Derivatives Sentiment

Open interest, funding extremes, and options volatility

Volume & Sectors

Exchange volume, Hyperliquid, and hot sectors

Venue Leaders & On-chain Valuation

Exchange share, ETH ETFs, and core valuation zones

On-Chain Valuation Overview

BTC / ETH Valuation Panel

Volume & sector tops

Top 3 in aggregated volume and TradFi

Volume · Top Assets

#Name24h VolumePrice24h
1BTC$54.98B$66,735.1+3.10%
2ETH$36.40B$2,015.99+5.41%
3SNDK$19.78B$1,593-2.33%

Sector Volume · Top Assets

#NameVolume
1SNDK$562.89M
2SNDKSTOCK$340.94M
3SKHX$319.53M

Exchange Comparison Digest

Spot/futures volume, reserves, options OI share, and funding arb highlights

Open exchange comparison

Spot volume

  • 1Binance$2.60BShare 43.5%
  • 2Bybit$543.07MShare 9.1%
  • 3OKX$392.95MShare 6.6%
  • 4Gate$385.57MShare 6.4%
  • 5Coinbase$338.38MShare 5.7%

Futures volume

  • 1Binance$14.27BShare 34.0%
  • 2Coinbase$6.63BShare 15.8%
  • 3OKX$5.35BShare 12.8%
  • 4MEXC$4.92BShare 11.7%
  • 5Bybit$3.73BShare 8.9%

CEX reserves

  • 1Binance$138.74BShare 60.5%
  • 2OKX$26.10BShare 11.4%
  • 3Bitfinex$16.53BShare 7.2%
  • 4Bybit$13.69BShare 6.0%
  • 5Hyperliquid$6.03BShare 2.6%

Options OI

  • 1Deribit$22.17BShare 83.4%
  • 2OKX$1.89BShare 7.1%
  • 3Binance$1.09BShare 4.1%
  • 4Bybit$868.77MShare 3.3%
  • 5CME$552.31MShare 2.1%

Funding arb

  • REDAPR 901.30%BybitBitget
  • BNCAPR 324.30%BitgetBinance
  • RAMAPR 312.42%BitgetOKX
  • ROKAPR 310.29%OKXGate