Updated Sep 17, 2026, 02:31 PM
Sentiment reads neutral-to-soft. Fear & Greed sits at 52, while BTC and ETH ETFs posted net outflows of $450.40M and $142.30M in the latest session. BTC funding remains mildly positive at +0.0077%, above its 7d average of +0.0057%, suggesting leverage still leans long even as ETF demand cools.
Liquidity signals are mixed. Stablecoin market cap is $309.53B, up 1.0% over 30 days, with SSR at 4.897, BMO at -0.244 and Bitcoin versus M2 at 8.180. CEX reserves fell 2.8% over 7d to $268.67B, with Binance holding 60.5%. Futures and spot volumes rose 22.5% and 16.4%.
On-chain valuation looks neutral to undervalued. BTC MVRV Z-Score is 0.850, NUPL 0.296, Puell 1.060 and aSOPR 0.993, while Reserve Risk flags undervalued and AHR999 is 0.466. ETH MVRV Z-Score is -0.453 and NUPL -0.161, both bottom or undervalued readings.
The takeaway is cooling risk appetite alongside resilient underlying metrics, with outflows and lower DVOL offset by shrinking reserves and neutral on-chain signals, leaving little evidence of broad stress.
Auto-generated by AI from current dashboard data, for reference only; not investment advice.