Market condition index · Current read
Tracks Bitcoin's evolution from speculative risk asset to monetary instrument. When BTC rallies alongside gold and inversely to DXY during risk-off episodes, it exhibits "monetary premium" — behaving more like a reserve asset than a tech stock. When BTC moves in lockstep with altcoins and risk assets, it is in "speculative" mode. The index blends BTC/Gold correlation, BTC/M2 purchasing-power ratio, BTC dominance behavior during stress, and BTC vs DXY dynamics to classify the current regime.
7.3 points above the 50-normal line. This locates the selected condition; it is not a forecast. From one official close publication; stale selected read.
Official closes earn richer presentation. The selected current read is never spliced into certified history.
| Official close | Condition | Calculated |
|---|---|---|
| 2026-08-14 | 0.7 | Aug 14, 2026, 11:06 PM UTC |
| 2026-08-20 | 57.3 | Aug 20, 2026, 11:14 PM UTC |
2 certified closes are shown as a dated ledger, not a connected trend.
Only exact governed relationships are navigable. Shared tickers and price moves never create a link.
No Basket, Narrative, or Asset context is inferred from inputs, tickers, price moves, or static “related” lists.
Declared weights explain construction. They do not claim today's contribution or causal impact.
| Input | Source | Formula role | Weight |
|---|
Informational only — not investment advice. MarketSchema is not a registered investment adviser. Condition Percentile reads and indexes are quantitative measurements derived from public market data, not recommendations to buy or sell any security.
| Cadence |
|---|
| X:BTCUSD | polygon | Price · positive | 20% | Intraday |
| DTWEXBGS | fred | Macro · inverse | 15% | Daily |
| X:BTCUSD | polygon | Price · positive | 15% | Intraday |
| X:BTCUSD | polygon | Price · positive | 12% | Intraday |
| BITO | polygon | Price · positive | 8% | Intraday |
| VIX | cboe_polygon | Flow · positive | 10% | Intraday |
| T10YIE | fred | Macro · positive | 10% | Daily |
| DGS10 | fred | Rate · inverse | 10% | Daily |