AI Insight
Market Overview Read
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
Highest-priority threshold alerts with a one-line takeaway
- TreasuriesBTC treasury Strategy cuts 3068.00 over 30d2026-08-19
On 2026-08-19, Strategy holds ~840,447 BTC, 30d net -3068.00.
- TreasuriesBTC treasury Metaplanet adds 2823.00 over 30d2026-08-19
On 2026-08-19, Metaplanet holds ~43,000 BTC, 30d net +2823.00.
- TreasuriesPublic companies hold ~7.82M ETH, net added 121,488 in 30d2026-08-19
32 public companies hold ETH, totaling ~7.82M; over the past 30 days they net added ~121,488.
- TreasuriesETH treasury BitMine Immersion adds 121,488 over 30d2026-08-19
On 2026-08-19, BitMine Immersion holds ~5.81M ETH, 30d net +121,488.
- DerivativesExtreme funding BTW (+11.0771%)2026-08-19
On 2026-08-19, BTW funding +11.0771%, OI ~$314.48M.
- DerivativesBTW OI 24h +64.4%, OI $314.48M2026-08-19
On 2026-08-19, BTW OI changed +64.4% over 24h.
- DerivativesBTW price 24h +73.8%2026-08-19
On 2026-08-19, BTW spot ~$0.661, 24h +73.8%.
- DerivativesLiquidations 全市场 ~$556.91M2026-08-19
On 2026-08-19, market-wide 24h liquidations totaled ~$556.91M. Top name BTC ~$215.86M.
- TreasuriesPublic companies hold ~1.28M BTC, net reduced 245.00 in 30d2026-08-19
46 public companies hold BTC, totaling ~1.28M; over the past 30 days they net reduced ~245.00.
- TreasuriesGovernment BTC holdings ~619,4642026-08-19
On 2026-08-19, 12 government entities hold ~619,464 BTC.
- TreasuriesBTC treasury ratio leader Strategy2026-08-19
On 2026-08-19, ratio watch Strategy holds ~840,447 BTC.
- TreasuriesBTC treasury ratio leader Twenty One Capital2026-08-19
On 2026-08-19, ratio watch Twenty One Capital holds ~43,514 BTC.
- TreasuriesBTC treasury ratio leader Metaplanet2026-08-19
On 2026-08-19, ratio watch Metaplanet holds ~43,000 BTC.
- TreasuriesETH treasury ratio leader BitMine Immersion2026-08-19
On 2026-08-19, ratio watch BitMine Immersion holds ~5.81M ETH.
- TreasuriesETH treasury ratio leader Coinbase Global2026-08-19
On 2026-08-19, ratio watch Coinbase Global holds ~150,193 ETH.
- TreasuriesETH treasury ratio leader BTCS2026-08-19
On 2026-08-19, ratio watch BTCS holds ~70,787 ETH.
- Macro / LiquiditySector coverage: AI 241(7%) · Meme 282(8%) · DeFi 352(11%) · GameFi 221(7%) · L1 215(6%) · RWA 208(6%) · DePIN 123(4%) · NFT 148(4%) · L2 84(3%) · ZK 60(2%) · SocialFi 43(1%) · Privacy 37(1%) · DEX 92(3%) · Stocks 306(9%) · Alpha 283(9%) · USA 161(5%) · PoW 47(1%) · Storage 25(1%) · Predict 11(0%) · CEX 28(1%) · Wallets 31(1%)2026-08-19
On 2026-08-19, hot-sector coverage: AI 241(7%) · Meme 282(8%) · DeFi 352(11%) · GameFi 221(7%) · L1 215(6%) · RWA 208(6%) · DePIN 123(4%) · NFT 148(4%) · L2 84(3%) · ZK 60(2%) · SocialFi 43(1%) · Privacy 37(1%) · DEX 92(3%) · Stocks 306(9%) · Alpha 283(9%) · USA 161(5%) · PoW 47(1%) · Storage 25(1%) · Predict 11(0%) · CEX 28(1%) · Wallets 31(1%).
- On-chainVolume leader BTC ($53.71B, 24h +2.8%)2026-08-19
On 2026-08-19, futures volume leader BTC ~$53.71B, price 24h +2.8%.
- DerivativesTradFi Stocks volume watch SNDK ($562.89M)2026-08-19
On 2026-08-19, TradFi Stocks volume watch SNDK ($562.89M).
- DerivativesTradFi Commodities volume watch XAU ($46.71M)2026-08-19
On 2026-08-19, TradFi Commodities volume watch XAU ($46.71M).
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
Exchange Comparison Digest
Spot/futures volume, reserves, options OI share, and funding arb highlights
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%Bybit→Bitget
- BNCAPR 324.30%Bitget→Binance
- RAMAPR 312.42%Bitget→OKX
- ROKAPR 310.29%OKX→Gate