Market health
Seven category gauges. Indicators never vote directly — they vote through their category, and each category votes into the cycle score.
Institutional Demand
Where marginal capital is going: ETFs, stablecoins, corporate treasuries.
| Indicator | Current | Δ 1w | Score | Contribution | Weight |
|---|---|---|---|---|---|
| Spot ETF Net Flows (20d) | 2.4 $bn | -0.03 | 90 | 7.1 | |
| Stablecoin Supply Ratio | 11.5 ratio | +0.25 | 71 | 4 | |
| Corporate Treasury Purchases | 32,000 BTC/qtr | -448 | 87 | 3 | |
| Exchange Stablecoin Supply | 42 $bn | +0.92 | 85 | 3.1 |