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Daily market brief

Crypto market brief · 2026-09-07

BTC -0.16% over 24h. Liquidity state: GROUND STATE (20). US traders have bid below the global price for 2 straight days. Fear & Greed 71 (greed).

This is the archived market brief for 2026-09-07. The numbers below reflect the market at the end of that day. View today's brief →

Market pulse

Where the market stands right now: price, dominance, sentiment, and sideline capital.

  • BTC $79816 · -0.16% in 24h
  • BTC dominance 59.22% · total market cap $2.7T
  • Fear & Greed: 71 (Greed)
  • Retail Euphoria Index: 74 (EUPHORIA)
  • Stablecoin supply: $311.3B · +$47.1M 24h

Liquidity & stress

ByKaranteli's own liquidity-state model plus the gap between US-regulated and global pricing.

  • PsiCharge state: GROUND STATE · score 20/100
  • In this state over the last 12 months (4825 readings), BTC averaged +0.01% over the next 24h and closed higher 51% of the time
  • Coinbase Premium -0.00%: US bids below global price, day 2 of the streak

Flow & positioning

Order-flow toxicity and where leveraged open interest moved in the last 24 hours.

  • BTC order-flow toxicity (VPIN) 0.11, 10th percentile of 90 days
  • Biggest OI move: LINKUSDT open interest +10.6% with price +6.7% (longs building)
  • Across 10 tracked majors: 3 adding leverage, 3 squeezing out
  • Top-30 perp positioning: 20 symbols long crowded, 5 in short ramp

Whales, positioning and stock perps

What the largest Hyperliquid accounts hold, how Binance accounts are positioned, the stock and commodity perps, and the Korea and Turkey premium.

  • Hyperliquid whales (top 300 accounts by equity): $1.4B long vs $2.3B short, 38% long
  • BTC whale book: 37% long on $836.5M of open positions
  • BTC on Binance: long/short accounts 1.05, top-trader positions 2.03, taker buy/sell 0.97 (1h)
  • Stock and commodity perps: 188 contracts, $4.1B open interest; largest SPCXUSDT ($431.9M), most liquidated SNDKUSDT ($5.4M in 24h)
  • Kimchi premium (Upbit BTC) -0.074%, Turkey premium (BtcTurk BTC) -0.030%

Options desk

Implied volatility and what the tape actually paid for in the last 24 hours.

  • BTC implied volatility (DVOL): 39.2
  • 24h taker premium: $1.0M into calls vs $488304 into puts
  • Largest print: buy BTC-25DEC26-100000-C · $183009 premium
  • Put/call OI ratio 0.55 · call wall at $80000, put wall at $60000

Liquidations

Forced liquidations recorded across our exchange feeds in the last 24 hours.

  • 24h wipeouts: $78.3M longs vs $113.3M shorts across 61,402 events
  • Largest single liquidation: ETHUSDT $3.1M
  • No cascade in 24h (32 in the last 30 days)

ETF flows

US spot ETF net flows, last finalized trading day.

  • BTC ETFs +$174.6M on 2026-09-04 · day 3 of the inflow streak
  • ETH ETFs +$26.5M on 2026-09-04 · day 2 of the inflow streak

Calendar

What is scheduled, and what similar days have actually done to price.

  • FOMC statement · September 15-16, 2026 in 10 days
  • Fed days move BTC 2.7x a normal half hour (17 meetings measured)
  • CFTC week of 2026-09-01: hedge funds net -7,620 BTC futures contracts (+469 WoW)