Updated Sep 19, 2026, 01:23 PM
Sentiment sits in neutral territory, with the Fear and Greed Index at 57. Flows split by asset: BTC ETFs drew +$159.50M while ETH ETFs shed -$39.30M. BTC funding remains mildly positive at +0.0052% against a 7-day average of +0.0063%, suggesting leverage is present but not stretched, though BTC futures open interest rose 8.4% over the week and BTC DVOL climbed to 35.6. ETH options volatility at 49.8 stays notably above BTC's.
Liquidity looks broadly steady. Stablecoin market cap is $309.52B, up 1.0% over 30 days, while CEX total reserves grew 3.9% to $285.63B, with Binance holding 60.7%. The SSR at 4.957 and BMO at -0.330 imply no acute supply squeeze, and Bitcoin versus M2 growth at 8.324 shows crypto liquidity still outpacing broad money.
On-chain valuation reads neutral for BTC: MVRV Z-Score 0.790, NUPL 0.303, Puell Multiple 0.942, aSOPR 0.993, with reserve risk flagged undervalued and hash ribbon at a bottom signal. ETH screens cheaper, with MVRV Z-Score -0.453 and NUPL -0.161 marked undervalued or bottom.
Net, positioning is constructive but not euphoric, and ETH remains the softer side of the pair.
Auto-generated by AI from current dashboard data, for reference only; not investment advice.