Updated Sep 11, 2026, 01:41 PM
Sentiment is greedy with a Fear & Greed reading of 70, but flows are mixed: BTC ETFs saw a net outflow of $120.20M while ETH ETFs attracted $34.70M. BTC funding remains positive at 0.0083%, though futures open interest has slipped 2.4% over the week. Stablecoin market cap grew 1.6% to $310.23B, yet CEX reserves fell 1.6% to $273.31B, hinting at coins moving off exchanges. The high SSR of 5.059 and elevated Bitcoin vs M2 ratio of 8.18 suggest ample stablecoin buying power relative to BTC supply. On-chain, BTC metrics are neutral—MVRV Z-Score 0.873, NUPL 0.319, Puell Multiple 1.076—while ETH appears more undervalued with a negative MVRV Z-Score of -0.453 and NUPL of -0.161. Spot volumes rose 19.3% weekly, led by Binance, and miners remain largely profitable with only 13% unprofitable. Overall, a greedy sentiment backdrop pairs with neutral BTC valuations and mixed institutional flows, leaving the market without a clear directional bias.
Auto-generated by AI from current dashboard data, for reference only; not investment advice.