{"index":"Bitcoin market regime score","scale":"0 to 100: how risk-on the Bitcoin market is; 50 means the ten lenses sit mid-range against their own past two years","today":{"basis":"live","date":"2026-11-09","exact":42.972,"priceAt":"2026-11-09T00:38:00Z","read":"Neutral at 43, little changed on the week. Leverage and the price trend lead; momentum and fund and stablecoin flows lag.","regime":"Neutral","timestamp":1794182400,"value":43,"computedAt":"2026-11-09T00:38:00Z","delayed":false},"bands":[{"from":0,"band":"Risk-off"},{"from":20,"band":"Defensive"},{"from":40,"band":"Neutral"},{"from":60,"band":"Risk-on"},{"from":80,"band":"Overheated"}],"lenses":[{"inputs":["Fed net liquidity, 90-day change"],"key":"macro","name":"Macro liquidity","question":"Is the dollar liquidity that feeds risk assets growing or shrinking?","weight":0.1},{"inputs":["US spot ETF net flows, 30-day sum","Stablecoin supply on Ethereum, 30-day change","Exchange netflow, 30-day sum (withdrawals score higher)"],"key":"flows","name":"Capital flows","question":"Is new money arriving through the spot ETFs and stablecoins, and are coins leaving exchanges?","weight":0.1},{"inputs":["Short-term holder MVRV","SOPR, 7-day average","Long-term holder supply change (selling scores higher)"],"key":"behaviour","name":"Holder behaviour","question":"Are recent buyers in profit, are coins being sold at a profit, and are long-term holders selling?","weight":0.1},{"inputs":["Realized capital, 30-day change","Share of supply in profit"],"key":"onchain","name":"On-chain capital","question":"Is capital flowing into bitcoin at the prices coins last moved, and how much of the supply is in profit?","weight":0.1},{"inputs":["Leverage gauge"],"key":"leverage","name":"Leverage","question":"How stretched is futures leverage?","weight":0.1},{"inputs":["Altcoin season index"],"key":"rotation","name":"Altcoin rotation","question":"Is the wider market beating bitcoin?","weight":0.1},{"inputs":["Cycle composite"],"key":"cycle","name":"Cycle position","question":"Where do the established cycle indicators put the market?","weight":0.1},{"inputs":["Price against its 200-day average","50-day average against the 200-day average"],"key":"trend","name":"Price trend","question":"Is the price above its long average, and is the 50-day above the 200-day?","weight":0.1},{"inputs":["30-day price change"],"key":"momentum","name":"Momentum","question":"How strong has the last month's move been?","weight":0.1},{"inputs":["Distance below the 365-day high","Position in the 90-day range"],"key":"structure","name":"Market structure","question":"How close is the price to its yearly high and to the top of its 90-day range?","weight":0.1}],"method":"ckh-market-regime-v1","weights":"equal-tenths-v1","recordStart":"2026-11-07","record":[{"basis":"published","date":"2026-11-08","exact":43.26,"method":"ckh-market-regime-v1","publishedAt":"2026-11-09T00:08:00Z","regime":"Neutral","timestamp":1794096000,"value":43,"weights":"equal-tenths-v1"},{"basis":"published","date":"2026-11-07","exact":43.98,"method":"ckh-market-regime-v1","publishedAt":"2026-11-08T00:08:00Z","regime":"Neutral","timestamp":1794009600,"value":44,"weights":"equal-tenths-v1"}],"note":"record rows are each closed UTC day's score exactly as published at the time and never revised; the back-calculated history and the lens scores are Plus charts and are not served here","links":{"page":"https://cryptokeyhole.com/bitcoin-market-regime/","chart":"https://cryptokeyhole.com/charts/btc/?metric=ckh.MarketRegimeScore","lenses":"https://cryptokeyhole.com/charts/btc/?metric=ckh.MarketRegimeLenses","csv":"https://cryptokeyhole.com/api/v1/market-regime?format=csv"},"updatedAt":"2026-11-09T00:38:00Z","source":"CryptoKeyhole","credit":"Bitcoin market regime score by CryptoKeyhole: https://cryptokeyhole.com/bitcoin-market-regime/","license":"https://creativecommons.org/licenses/by/4.0/"}