Crypto Market Health Score (Now)

Understanding the Crypto Market Health Score

The Market Health Score is a dual-track composite indicator (0-100) designed to capture the state of the crypto market from two perspectives simultaneously: the slow-moving long-term trend and the fast-moving short-term momentum. Together they produce a fast-moving health verdict - Unhealthy, Stabilizing, Improving, Healthy or Cooling - shown in the banner at the top. That verdict is a responsive, score-driven read of current conditions; for the slow-moving structural picture - which of the 10 cycle phases we're in, over weeks to months - see the dedicated Market Regimes page. The two are complementary lenses, not competing calls: short-term momentum can read Stabilizing while the long-horizon cycle is still an Established Bear Market.

The four long-term trend components (weighting 50%)

• Price Trend (35% of long-term) - BTC position vs. its 200-day moving average, golden / death cross state, and overall market structure.
• Market Breadth (35%) - the share of the top 50 coins trading above their own 200-day MA. Broad participation is bullish; narrow leadership is fragile.
• Stablecoin Flow 90d (17%) - net stablecoin issuance / redemption over 90 days. Capital flowing into stables = dry powder; outflows = capital being deployed into risk assets.
• Macro / DXY (13%) - US dollar strength as a headwind or tailwind for risk assets.

The seven short-term momentum components (weighting 50%)

• Market Breadth Short (22%) - % of coins above their 20-day MA. Fast-moving breadth.
• Fear & Greed (17%) - real-time multi-source sentiment index.
• Volume Quality (17%) - the buy/sell volume ratio and whether volume is concentrated on up moves or down moves.
• Derivatives (13%) - perpetual funding rates, open-interest trend, and long/short ratios aggregated across major venues.
• Market Volatility (12%) - realised per-coin volatility scored on a Goldilocks curve (too low = complacency, too high = stress, moderate = healthy).
• Short-Term Price (11%) - price position vs. 20-day MA and rate-of-change acceleration.
• Stablecoin Flow 14d (8%) - the 14-day version of capital flow, catching faster rotations.

How to interpret the five health verdicts

• Unhealthy - both scores low; defensive posture, cash-heavy, low directional conviction.
• Stabilizing - short-term momentum firming while long-term is still weak but off its extreme-fear floor; speculative bottom-fishing window (still inside a structural bear until long-term confirms).
• Improving - both scores improving, long-term crossing into constructive territory; trend-following alpha tends to appear here.
• Healthy - both scores high, breadth is broad, funding is orderly; trend is mature but still playable.
• Cooling - long-term still high but short-term deteriorating; distribution / profit-taking window.

What makes this different from a single indicator

A single indicator - funding, breadth, or fear & greed alone - can give you a spiky, noisy reading. The dual-score architecture smooths that out by averaging eleven independent signals across three asset-class domains: spot structure, derivatives, and sentiment. When the long-term score agrees with the short-term score, conviction is high. When they disagree, the gap itself is informative - diverging scores often precede regime changes.

How the data refreshes

All eleven components are recomputed every 25 minutes in the background. Historical snapshots are persisted daily to build a long-running series (visible in the charts above). The complete score plus every component, indicator, and detail is available via the REST API as /api/v1/market-health, with lighter summary and history variants. Combine it with our Coin Trends indicator to pair market-level regime reads with per-asset trend classification.

Who should use this

• Automated trading systems - as a regime filter to scale exposure up/down or switch strategies.
• AI agents & research assistants - as a single-call snapshot of market state to ground their reasoning.
• Portfolio managers & traders - as a sanity check against their own discretionary read of conditions.
• Risk desks - divergences between long-term and short-term scores are early warnings that the regime is unstable.

Caveat: the Market Health Score is a directional read, not a trade signal. It tells you the weather, not which way the next candle will close. Use it to size positions and bias strategy selection, not to fire entries.