Updated Sep 10, 2026, 09:19 AM
Sentiment sits in greed territory at 67, supported by positive ETF flows: BTC added $174.60M and ETH $25.90M in the latest session. BTC funding at +0.0070% remains modestly positive and above its 7-day average, suggesting steady rather than stretched leverage demand. Open interest tells a mixed story, with BTC futures down 1.9% over seven days while ETH futures rose 1.5%.
Liquidity looks broadly stable. Stablecoin market cap is $310.43B, up 1.3% over 30 days, and CEX reserves rose 2.7% to $276.48B, with Binance holding 60.8%. Spot volume climbed 7.7% weekly while futures volume rose 2.9%. Hyperliquid volume fell 50.3% even as its open interest gained 7.0%, and liquidations totaled roughly $268.84M.
On-chain valuation reads neutral-to-cautious: BTC MVRV Z-Score is 0.873, NUPL 0.322, and Puell Multiple 0.890, while ETH MVRV Z-Score is -0.453 with NUPL at -0.161, both flagged undervalued or bottoming. The takeaway is a market with constructive flows and stable liquidity, but valuation and derivatives signals do not yet confirm broad euphoria.
Auto-generated by AI from current dashboard data, for reference only; not investment advice.