Constructive participation
Structure supports exposure, although leadership remains selective.
CRYPTO · USDT market · live and completed market view
BTC price, chart and trend
BTC is in constructive participation. Structure supports exposure, although leadership remains selective. Price is 10.2% from Trend and its liquidity rank is 1 of 482.
Current asset readConstructive participationStructure supports exposure, although leadership remains selective.
Live price
79631.860000-1.79% current move
Market score
64/100100/100 data coverage
Relative leadership
73thuniverse percentile
Observed liquidity
1.3Brank 1 of 482
Current setup
BTC is rising with a confirmation gap
Price direction is constructive, but the better long-side case requires the weaker reading to turn positive. Until then, treat strength as selective.
Setup to studyTrend test, not a chase
What would confirm it?A completed Trend hold followed by positive relative leadership and positive Market Dynamics.
What would invalidate itA completed loss of 72252.625 would turn the confirmation gap into a failed move.
RiskRealised variability is 46.6% and liquidity ranks 1 in the observed universe.
Five views of BTC
What is driving this market?
Each view answers a different question, so a fast live move is not confused with a completed change in direction.
Is price holding an established direction?
The black line is the completed daily close. The coloured Trend line shows whether the path is strengthening, weakening or between states.
Daily closeTrendActivityFair Value
ConstructiveTransitionDefensive
Is BTC leading or lagging SM Crypto Market Index?
The relative line rises when this market performs better than the benchmark and falls when it performs worse.
BTCSM Crypto Market IndexRelative path
How difficult has this market been to hold?
Drawdown shows the fall from a previous high. Variability shows how uneven the price path has been.
DrawdownRealised variability
Is the move gaining or losing speed?
Positive readings show upward momentum. Negative readings show downward momentum. A move back towards zero shows fading pressure.
Positive momentumNegative momentumNeutral
Can current movement be traded without unusual friction?
Visible depth shows available capacity. Spread shows immediate trading friction. They can change quickly and do not replace the completed price view.
Visible depthSpread
Is leverage expanding?
Funding and short-window open-interest change show whether leverage is becoming more demanding.
FundingOpen-interest change
Is forced flow distorting price?
Flow pressure and liquidations flag periods when immediate movement may be less dependable.
Capital pressureLiquidations
No separate live execution-quality reading is currently available. The current 24-hour move is -1.79%. It is an alert, not completed confirmation.
Price path+10.2% from Trend
Relative leadership+0.00 versus the market
Underlying supportMarket Dynamics -0.33
Live move-1.79%
Current asset read
What matters now
Supply-led
Live move is -1.79% with price at 35% of its observed range.
73th percentile
Relative performance is separated from absolute price direction.
-36.1% drawdown
Realised variability is 46.6% annualised.
Returns by period
Is the move lasting beyond one burst?
Returns over several periods show whether current leadership has persisted or depends on one recent move.
Session
-0.07%
7 days
1.75%
30 days
23.75%
90 days
25.69%
180 days
16.32%
1 year
-
Strength and market rank
How convincing is the current move?
64asset score
Constructive participation
Structure supports exposure, although leadership remains selective.
100/100 data coverageRelative leadership73th
Underlying support47th
Liquidity rank1
Volume rank27th
Benchmark relationship
BTC versus SM Crypto Market Index
Normalised paths and the relative line reveal whether asset-specific leadership is adding value beyond the crypto benchmark.
BTC pathSM Crypto Market Index pathRelative path
Correlation0.86
Market beta0.70
Matched observations120
Path risk
Drawdown and realised variability
Capital impairment and path variability are shown together so return is never separated from the difficulty of achieving it.
DrawdownRealised variability
Live trading conditions
Liquidity, leverage and forced selling
This live view shows whether BTC can absorb trading cleanly and whether leverage or forced activity is changing near-term risk.
Observed 5 Sep 2026 12:04 UTCOpen Crypto Lab
23.0M visible depth
0.00 bp spread. Estimated 1.0M execution costs are 1.56 bps to buy and 0.09 bps to sell.
8.5B open interest
Funding is 2.22% annualised, basis is -4.28 bps and short-window open interest changed -0.06%.
Demand pressure
Spot flow is -237.1K and perpetual flow is 958.4K; combined pressure equals 3.13% of visible depth.
0 liquidated
Latest liquidation pressure is shown beside 8.4% one-sided trading and 13.00 bp stable-value deviation.
Liquidity path
Visible depth versus spread
A stronger execution backdrop combines durable depth with a controlled spread. Both axes are shown because one without the other can mislead.
Visible depthSpread
Immediate conditions
What can change the near-term read
Fast fee1.00 sat/vBnetwork condition
Mempool40.74 vMBnetwork condition
Depth available23.0Maround the current market
Bid / offer cost0.1 / 1.6 bpsobserved difference between buying and selling cost
Live liquidity can change quickly. These observations describe current capacity and pressure; the completed daily view remains the main directional reference.
Momentum path
Rate of Change
This chart shows whether price movement is gaining speed, losing speed or changing direction.
Positive momentumNegative momentumNeutral
Short-term price path
Is the latest move holding?
Recent updates show whether price pressure is persisting between completed daily sessions.
Window move-1.90%24h observed window
Observed low78787.900000
Observed high81378.000000
Updates282recent snapshots
24h range position35%
Chart summary
The current tape in plain language
BTC closed the latest daily bar at 79602.000000. Across the latest 12 available daily bars, price changed 1.35%. Trend Signal is 1, Relative Strength is 0.00, and Market Dynamics is -0.33. The progressive pricing window shows -1.90% over 24 hours. Live pricing is 79631.860000 with a -1.79% 24h move.
Key chart points
Numbers to watch
Latest day2026-09-05
Daily close79602.000000
Live price79631.860000
24h change-1.79%
Trend Signal1
Relative Strength0.00
Market Dynamics-0.33
Expectationundecided 53.80%
Progressive pricing-1.90% over 24h
Weekly view
The slower market picture
Weekly summaries test whether the daily read has durable support beyond the latest move.
| Week ending | Close | Weekly return | Relative Strength | Market Dynamics | Volume change | Read |
|---|---|---|---|---|---|---|
| 6 Sep 2026 | 79602.000000 | 2.47% | 0.00 | -0.33 | -30.99% | BTC closed the week at 79602.0000 with a positive Trend Signal. |
| 30 Aug 2026 | 77682.000000 | -0.07% | 0.00 | 0.69 | -28.09% | BTC closed the week at 77682.0000 with a positive Trend Signal. |
| 23 Aug 2026 | 77734.000000 | 23.58% | 0.00 | 1.70 | 130.46% | BTC closed the week at 77734.0000 with a positive Trend Signal. |
| 16 Aug 2026 | 62900.000000 | -3.08% | 0.00 | -0.67 | -3.93% | BTC closed the week at 62900.0000 with a mixed Trend Signal. |
| 9 Aug 2026 | 64901.590000 | 2.09% | 0.00 | 0.08 | -22.80% | BTC closed the week at 64901.5900 with a mixed Trend Signal. |
| 2 Aug 2026 | 63570.000000 | -2.80% | 0.00 | -0.82 | -6.88% | BTC closed the week at 63570.0000 with a mixed Trend Signal. |
| 26 Jul 2026 | 65399.990000 | 1.05% | 0.00 | 0.03 | -6.73% | BTC closed the week at 65399.9900 with a positive Trend Signal. |
| 19 Jul 2026 | 64722.540000 | 1.48% | 0.00 | 0.63 | -0.25% | BTC closed the week at 64722.5400 with a positive Trend Signal. |
| 12 Jul 2026 | 63780.000000 | 0.20% | 0.00 | 0.98 | -3.70% | BTC closed the week at 63780.0000 with a mixed Trend Signal. |
| 5 Jul 2026 | 63650.000000 | 6.84% | 0.00 | 0.46 | -16.78% | BTC closed the week at 63650.0000 with a mixed Trend Signal. |
| 28 Jun 2026 | 59577.010000 | -5.90% | 0.00 | -0.54 | 41.69% | BTC closed the week at 59577.0100 with a mixed Trend Signal. |
| 21 Jun 2026 | 63311.990000 | -3.70% | 0.00 | 0.33 | -14.43% | BTC closed the week at 63311.9900 with a mixed Trend Signal. |
How to use this page
Keep completed and live data separate
Completed daily data establishes the main direction. Live price, liquidity and short-term movement show what is happening now, but they do not replace the completed view or provide a forecast.