Market condition index · Current read
BTC/ETH rallying, BITO/BTC premium expanding (futures leverage demand surging), BTC/ETH/SOL funding rates positive and elevated (long positioning confident, carry profitable), consumer borrowing spike (TOTALSL up), credit risk-on (HYG >> LQD, funding cheap), VIX low (<17, no margin calls), rates steady/falling (DGS2 down). Leverage cycle building momentum; margin portfolios expanding. BTC/ETH falling, BITO/BTC premium inverting (leverage demand collapsing), funding rates negative/zero (shorts covering, longs capitulating), consumer borrowing declining (TOTALSL down), credit risk-off (HYG < LQD, funding tight), VIX high (>22, margin calls cascading), rates rising (DGS2 up, borrowing costs spike). Leverage unwinding rapidly; crash liquidation cascade.
49.8 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 |
|---|---|---|
| 2026-08-12 | 64.6 | Aug 12, 2026, 11:01 PM UTC |
| 2026-08-14 | 71.2 | Aug 14, 2026, 11:07 PM UTC |
| 2026-08-17 | 62.4 | Aug 17, 2026, 11:15 PM UTC |
| 2026-08-20 | 99.8 | Aug 20, 2026, 11:24 PM UTC |
4 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.
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.
| Input | Source | Formula role | Weight | Cadence |
|---|---|---|---|---|
| X:BTCUSD | polygon | Price · positive | 10% | Intraday |
| X:ETHUSD | polygon | Price · positive | 8% | Intraday |
| BITO | polygon | Price · positive | 7.0% | Intraday |
| BTC-USDT | binance | Flow · positive | 13% | Intraday |
| ETH-USDT | binance | Flow · positive | 8% | Intraday |
| SOL-USDT | binance | Flow · positive | 8% | Intraday |
| VIX | cboe_polygon | Flow · inverse | 10% | Intraday |
| HYG | polygon | Rate · positive | 12% | Intraday |
| DGS2 | fred | Rate · inverse | 12% | Daily |
| TOTALSL | fred | Macro · positive | 12% | Monthly |