Indicators
The numbers behind the briefing
Every gauge Moonkelp tracks, live — click any tile for the full chart, the zones that mattered historically, and why the number belongs in a long-term investor’s picture.
Market anchors
Fear & Greed62Crowd sentiment — extremes have historically marked cycle turning points.Full chart & explainer →Mayer multiple1.15Bitcoin vs its 200-day trend — a long-term valuation gauge for the cycle.Full chart & explainer →BTC MVRV1.54Market value vs realized value — the on-chain valuation gauge for Bitcoin cycles.Full chart & explainer →BTC dominance59.3%Bitcoin’s share of total crypto value — a rotation signal (Bitcoin vs the rest), not a core gauge.Full chart & explainer →Altcoin Season Index42Share of the top 50 altcoins beating Bitcoin over 90 days — rotation measured, not predicted.Full chart & explainer →CLARITY Act 20264.90%Prediction-market odds that the US CLARITY Act — the crypto market-structure law — is signed in 2026. Regulatory clarity would unlock capital across every thesis; this reads the market’s expectation, not a certainty.Full chart & explainer →BTC ETF flows−$487MDaily net flows into US spot Bitcoin ETFs — the pulse of institutional demand.Full chart & explainer →Stablecoin supply$308BSideline liquidity parked in dollars on-chain — dry powder that can move into crypto.Full chart & explainer →
Macro backdrop
US M2$23.3TMoney supply — expanding liquidity eventually finds its way into risk assets.Full chart & explainer →US 10Y yield5.21%The price of money — high yields compete with assets that pay no interest.Full chart & explainer →US 10Y real yield2.88%The inflation-adjusted price of money — the true opportunity cost of holding assets that pay no interest, and the cleanest macro driver of the digital-gold case.Full chart & explainer →US dollar (DXY)102.6Dollar strength — crypto has tended to move against the dollar.Full chart & explainer →S&P 5008KThe broad risk benchmark — crypto increasingly trades with equity risk appetite.Full chart & explainer →
On-chain & thesis gauges
Solana fees$12MFees paid on Solana — real demand for blockspace behind the performance-chain bet.Full chart & explainer →Ethereum fees$11MFees paid on Ethereum — revenue backing the settlement-layer bet.Full chart & explainer →Solana DEX volume$2BOn-chain trading on Solana — activity behind the high-performance-chain thesis.Full chart & explainer →Ethereum DEX volume$1BOn-chain trading on Ethereum — DeFi activity on the settlement layer.Full chart & explainer →Solana DeFi TVL$6BCapital locked in Solana DeFi — depth of the on-chain-finance bet.Full chart & explainer →Ethereum DeFi TVL$50BCapital locked in Ethereum DeFi — depth of the settlement-layer economy.Full chart & explainer →Stablecoins on Solana$16BDollar liquidity settling on Solana — the on-chain-dollar rail in use.Full chart & explainer →Tokenized assets$48BReal-world assets tokenized on-chain — size of the tokenization thesis.Full chart & explainer →Restaking TVL$10BCapital restaked (EigenLayer & co.) — the size of the restaking security market.Full chart & explainer →Prediction markets$407MCapital locked in prediction markets (Polymarket & co.) — the thesis measured in dollars at stake.Full chart & explainer →
All of this feeds one product:the 60-second daily briefing →