Crypto Market Health Score: the latest reading

    The Crypto Market Health Score rolls market-structure stress into one number from 0 to 100. Below is the latest daily reading and its zone.

    CT-MHS

    No current reading.

    Input readings, history and the live score are on Analyst.

    See plans

    What it measures

    The Crypto Market Health Score (CT-MHS) rolls market-structure stress into one score from 0 to 100. Low means a calm, healthy market. High means an overheated or stressed one.

    It reads derivatives, options and stablecoin data across the market, not only Bitcoin.

    How to read it

    ZoneReadingWhat it means
    Pristine0 to 20Very low combined stress.
    Healthy / Early StressAbove 20 to 40Low combined stress.
    Neutral / TransitioningAbove 40 to 60Moderate combined stress.
    Overheated / StabilisingAbove 60 to 80High combined stress.
    Extreme RiskAbove 80 to 100Very high combined stress.

    How it is calculated

    • Each input is scaled to a 0 to 100 stress reading, then weighted:
    • Funding Rate Aggregate: weight 22.
    • Open Interest / Market Cap: weight 18.
    • Liquidation Imbalance: weight 15.
    • Long/Short Ratio: weight 13.
    • Exchange Netflow: weight 13 (not wired yet).
    • Stablecoin Velocity: weight 9.
    • Put/Call Ratio: weight 7.
    • Taker Buy/Sell Ratio: weight 3.
    • Inputs that are missing are left out, and the score is reweighted over the inputs present.
    • A snapshot is saved once a day.

    Questions

    What is the Crypto Market Health Score?

    One score from 0 to 100 that combines funding rates, open interest, liquidations, positioning, stablecoin flows and options data into a single read on market stress.

    Is a high score good or bad?

    High means stress, for example heavy leverage or crowded positioning. Low means a calm market.

    What is not on this page?

    The readings of each input, the history chart and the live score are on the Analyst plan.

    Is this financial advice?

    No. The score describes the market. It does not tell you what to buy or sell.

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    • Bitcoin NUPL The share of Bitcoin's market value that is unrealized profit.
    • Global M2 vs Bitcoin Money supply across the US, euro area and Japan, next to Bitcoin market cap.