Learn
Every number this desk publishes has a page explaining what it measures, why it moves, and what it does not tell you. No jargon left undefined.
One explainer for every number on the Board
Every reading a tile can show
Bitcoin
Bitcoin's price in US dollars, its 24-hour change and where it sits against its 200-day average. The full explainer
Whole market
Every coin's market value added together, and Bitcoin's share of it (dominance). The full explainer
Spot ETF net
Dollars that went into US spot Bitcoin ETFs, less dollars that came out, for one trading day. The full explainer
Whale net
Transfers of $50 million and up between wallets and exchanges, netted: off exchanges is positive, onto exchanges is negative. The full explainer
Stablecoin float
The dollar value of every stablecoin in circulation, read now: money parked inside crypto. The full explainer
Funding
What traders holding leveraged long positions pay short holders every 8 hours on Bitcoin perpetual futures. The tile gives the current 8-hour period's rate and, under it, the rate at the settlement 24 hours before the latest. The Leverage tile on the Board is the same rate times 1,095, the number of 8-hour periods in a year. The full explainer
Per 8 hours, either sign. The word on the funding tile and in the narrative line comes from this table.
- Calm under 0.010%
- Warm 0.010% to under 0.030%
- Hot 0.030% or more
Open interest
The value of leveraged Bitcoin futures positions open right now on one venue. When a close is kept for yesterday, the tile's figure is the change since that close across the five coins the desk tracks on that venue, and the line under it is Bitcoin's open interest now. The full explainer
Fear & Greed
A daily index from 0 to 100 built from price, volatility, volume and social data. The full explainer
The word on the Fear & Greed tile and in the narrative line comes from this table.
- Extreme fear 0 to 24
- Fear 25 to 44
- Neutral 45 to 55
- Greed 56 to 74
- Extreme greed 75 to 100
Price
The coin's last price in US dollars, from the Top 100 read the Board was built on.
24 hours
How far the coin's price moved over the last 24 hours, in percent.
7 days
How far the coin's price moved over the last seven days, in percent.
Market cap
Price times circulating supply: the market's total bet on the coin, and the basis of its rank.
24-hour volume
Dollars of the coin traded across the exchanges CoinGecko reads, over the last 24 hours.
Against 200-day
How far the price sits above or below its 200-day average, in percent. Only the coins the Board tracks have one.
RSI (14)
A 0 to 100 reading of recent daily closes. Under 30 is called oversold and over 70 overbought; between is neither.
Network fees
What it costs to get a Bitcoin transaction into the next block, in satoshis per virtual byte. The full explainer