Weekly On-Chain Intelligence
Market Health Reports
Data-driven analysis. 30+ on-chain metrics. No BS.
All Editions
Edition #002
Latest
Feb 24 – Mar 2, 2026
Mid-Cycle Correction — Leverage Reset
MVRV Z-Score at 2.3 confirms this is NOT a cycle top. Funding rates hit the 6.9th percentile — full leverage washout. LTHs distributing aggressively while Whales absorb at record +140% yearly rates. Stablecoin flows contracting. Alts in deep capitulation.
COMPOSITE: 5.4 / 10 — NEUTRAL
Edition #001
Feb 17 – 21, 2026
Cautiously Bullish — Mid-Cycle Consolidation
MVRV Z-Score at 2.0 — far from cycle top. Whale/shark absorption at historic highs (+180-200%). Fear & Greed at 8 — matching worst capitulations in BTC history. Derivatives fully reset. ETF flows stalled.
COMPOSITE: 5.9 / 10 — CAUTIOUSLY BULLISH