Updated Sep 21, 2026, 03:17 PM
Sentiment sits in mild greed at 57, with flows split by asset: BTC ETFs drew +$159.50M while ETH ETFs shed -$39.30M. Funding remains modestly positive at +0.0052%, below the 7d average, so leverage is present but not stretched at the index level. Liquidations of roughly $821M show pockets of forced positioning.
Liquidity is broadly constructive but not accelerating. Stablecoin cap rose 1.0% over 30 days to $309.52B, while CEX reserves climbed 3.9% in a week, adding potential sell-side supply. Fundraising fell 72.7% MoM, and futures open interest expanded 8.4% in BTC even as CEX futures volume slipped 6.5%.
On-chain valuation reads neutral to cheap: BTC MVRV Z-Score 0.790 and NUPL 0.303 are mid-range, with aSOPR at 0.993 and realized price near 53,499. ETH screens weaker, with MVRV Z-Score -0.453 and NUPL -0.161 flagged undervalued. Miners unprofitable at 8.7% against a $39,366 shutdown price adds cost-side pressure.
Net: flows favor BTC over ETH, leverage is building without extreme headline funding, and valuation metrics leave room in either direction.
Auto-generated by AI from current dashboard data, for reference only; not investment advice.