{
  "brief_content": {
    "confirmation": "The read strengthens if cap and two majors stay negative.",
    "funding_posture": "mixed",
    "headline": "Risk pressure spread across majors and perps breadth.",
    "invalidation": "It breaks if perps breadth flips to more advancers than decliners.",
    "metrics": {
      "breadth": {
        "advancers": 34,
        "advancers_pct": "25.00",
        "decliners": 92,
        "denominator": 136,
        "flat": 10
      },
      "comparisons": {
        "accepted_age_hours": [
          "20",
          "28"
        ],
        "age_hours": "23.99416666666666666666666667",
        "basis": "prior standard fixed-time brief",
        "btc_dominance_change_pp": "-0.414372943763445",
        "orderly_oi_change_pct": {
          "PERP_BTC_USDC": "-7.008876884418327694945927190",
          "PERP_ETH_USDC": "7.137729705902495945566416000",
          "PERP_SOL_USDC": "-0.3326385096269778409377927900"
        },
        "previous_captured_at_utc": "2026-08-30T14:00:43+00:00",
        "stablecoin_dominance_change_pp": "-0.10121806667939679212665887",
        "status": "available"
      },
      "funding_bps": {
        "PERP_BTC_USDC": "1.0000",
        "PERP_ETH_USDC": "1.0000",
        "PERP_SOL_USDC": "-0.86630000"
      }
    },
    "mode": "perps_desk",
    "oi_focus_symbol": "PERP_ETH_USDC",
    "positioning": "Execution-eligible perps breadth was 34 up, 92 down, and 10 flat across 136 complete Novex Scanner markets. Orderly estimated funding was mixed across BTC, ETH, and SOL. ETH open interest changed +7.14% versus the prior fixed-time brief.",
    "range_watch": "SOL carried the widest Coinbase rolling range at 6.39%, sitting 4.66% below its 24-hour high.",
    "report_number": 43,
    "schema_version": "novex.daily-regime.brief-content.v1",
    "source_handles": [
      "@CoinMarketCap",
      "@coingecko",
      "@DefiLlama",
      "@coinbase",
      "@OrderlyNetwork"
    ],
    "strongest_major": "SOL",
    "thesis": "Risk pressure spread across majors and perps breadth. Aggregate 24-hour volume also fell 10.56%, so turnover contracted during the move.",
    "trade_talk": null,
    "what_changed": "Fear and Greed changed -1 points versus its prior daily row. Total market cap changed -2.97% and aggregate volume changed -10.56% over 24 hours.",
    "widest_major": "SOL",
    "withheld_layers": [
      "liquidation totals",
      "CME automation",
      "macro catalyst",
      "spot-led versus leverage-led causality"
    ]
  },
  "captured_at_phoenix": "2026-08-31T07:00:22-07:00",
  "captured_at_utc": "2026-08-31T14:00:22Z",
  "derived_data": {
    "brief_comparisons": {
      "accepted_age_hours": [
        "20",
        "28"
      ],
      "age_hours": "23.99416666666666666666666667",
      "basis": "prior standard fixed-time brief",
      "btc_dominance_change_pp": "-0.414372943763445",
      "orderly_oi_change_pct": {
        "PERP_BTC_USDC": "-7.008876884418327694945927190",
        "PERP_ETH_USDC": "7.137729705902495945566416000",
        "PERP_SOL_USDC": "-0.3326385096269778409377927900"
      },
      "previous_captured_at_utc": "2026-08-30T14:00:43+00:00",
      "stablecoin_dominance_change_pp": "-0.10121806667939679212665887",
      "status": "available"
    },
    "coinbase_spot": {
      "BTC-USD": {
        "base_volume_24h": "5961.87508867",
        "change_24h_pct": "-1.191189463101560833934174850",
        "coherence_attempts": 1,
        "distance_above_24h_low_pct": "1.090909090909090909090909100",
        "distance_to_24h_high_pct": "1.997109455292908530318602300",
        "high_24h": "79394.55",
        "last": "77840",
        "low_24h": "77000",
        "open_24h": "78778.4",
        "product": "BTC-USD",
        "range_24h_pct_of_open": "3.039602225990880749037807318",
        "range_position_pct": "35.07966006138940510743145894",
        "snapshot_sequence": "ticker_then_stats",
        "source_lag_seconds": 0,
        "source_time": "2026-08-31T14:00:33.680219210Z"
      },
      "ETH-USD": {
        "base_volume_24h": "81228.04890519",
        "change_24h_pct": "-1.494832875827547230744388830",
        "coherence_attempts": 1,
        "distance_above_24h_low_pct": "2.208213784581876060231627900",
        "distance_to_24h_high_pct": "3.865304466492088665953601600",
        "high_24h": "2534.49",
        "last": "2440.17",
        "low_24h": "2387.45",
        "open_24h": "2477.2",
        "product": "ETH-USD",
        "range_24h_pct_of_open": "5.935733893105118682383336025",
        "range_position_pct": "35.85418933623503808487486398",
        "snapshot_sequence": "ticker_then_stats",
        "source_lag_seconds": 0,
        "source_time": "2026-08-31T14:00:33.691469937Z"
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      "SOL-USD": {
        "base_volume_24h": "1062642.09899157",
        "change_24h_pct": "-4.103044496487119437939110070",
        "coherence_attempts": 1,
        "distance_above_24h_low_pct": "2.043460925039872408293460900",
        "distance_to_24h_high_pct": "4.659568232880726775422487100",
        "high_24h": "107.14",
        "last": "102.37",
        "low_24h": "100.32",
        "open_24h": "106.75",
        "product": "SOL-USD",
        "range_24h_pct_of_open": "6.388758782201405152224824356",
        "range_position_pct": "30.05865102639296187683284457",
        "snapshot_sequence": "ticker_then_stats",
        "source_lag_seconds": 0,
        "source_time": "2026-08-31T14:00:32.444134950Z"
      }
    },
    "fear_greed": {
      "change_1d_points": -1,
      "change_7d_points": -7,
      "comparison_basis": {
        "current": "CoinMarketCap latest public update",
        "one_day": "daily row dated 2026-08-30",
        "seven_day": "daily row dated 2026-08-24"
      },
      "current": {
        "classification": "Greed",
        "observation_window": "latest_public_update",
        "updated_at": "2026-08-31T13:53:10.029000+00:00",
        "value": 74
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      "daily_history_age_seconds": 136822.0,
      "previous_day": {
        "classification": "Greed",
        "timestamp_unix": 1788048000,
        "value": 75
      },
      "scope": "Fresh public CoinMarketCap Fear & Greed update with exact-date daily history comparisons. Sentiment context, not a timing signal.",
      "seven_days_ago": {
        "classification": "Extreme Greed",
        "timestamp_unix": 1787529600,
        "value": 81
      },
      "source_age_seconds": 431.971
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    "global_market": {
      "btc_dominance_pct": "59.13507702816476",
      "eth_dominance_pct": "11.144117004887397",
      "market_cap_change_24h_pct": "-2.9731004207409386",
      "source_clock_skew_seconds": 0,
      "source_lag_seconds": 441.0,
      "total_market_cap_usd": "2633117427132.858",
      "total_volume_24h_usd": "80958376130.69896",
      "updated_at_unix": 1788184381,
      "volume_change_24h_pct": "-10.564171296646997"
    },
    "perps_market": {
      "breadth": {
        "advancers": 34,
        "advancers_pct": "25.00",
        "decliners": 92,
        "denominator": 136,
        "flat": 10
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      "catalog_fetched_at": "2026-08-31T13:55:47.804000+00:00",
      "coverage": {
        "complete": 136,
        "incomplete": 1,
        "total": 137
      },
      "fetched_at": "2026-08-31T14:00:33.543000+00:00",
      "majors": {
        "PERP_BTC_USDC": {
          "base": "BTC",
          "change_24h_pct": "-1.253235219487443400",
          "estimated_funding_bps": "1.0000",
          "estimated_funding_rate": "0.0001",
          "mark_price": "77823.1",
          "open_interest": "24.70577",
          "symbol": "PERP_BTC_USDC"
        },
        "PERP_ETH_USDC": {
          "base": "ETH",
          "change_24h_pct": "-1.389281645646338200",
          "estimated_funding_bps": "1.0000",
          "estimated_funding_rate": "0.0001",
          "mark_price": "2440.13",
          "open_interest": "9492.5927",
          "symbol": "PERP_ETH_USDC"
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        "PERP_SOL_USDC": {
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          "estimated_funding_bps": "-0.86630000",
          "estimated_funding_rate": "-0.00008663",
          "mark_price": "102.341",
          "open_interest": "10456.97",
          "symbol": "PERP_SOL_USDC"
        }
      },
      "mode": "live-read-only",
      "partial": true,
      "schema": "novex.hub.scanner.v3",
      "scope": "Novex Scanner v3 complete-only execution-eligible perps breadth and Orderly estimated funding. Venue-specific context, not the whole crypto market.",
      "source_at": "2026-08-31T14:00:33.543000+00:00",
      "source_lag_seconds": 0,
      "status": "available"
    },
    "stablecoin_market": {
      "definition": "DefiLlama circulating supply for assets classified as peggedUSD divided by CoinGecko total crypto market cap in USD.",
      "usd_pegged_asset_count": 334,
      "usd_stablecoin_dominance_pct": "11.57578749453284365915615204",
      "usd_stablecoin_supply_change_1d_basis": "pairwise_complete_peggedUSD_assets",
      "usd_stablecoin_supply_change_1d_pct": "-1.822779746568834242178024520",
      "usd_stablecoin_supply_missing_previous_day_asset_count": 2,
      "usd_stablecoin_supply_pairwise_asset_count": 332,
      "usd_stablecoin_supply_pairwise_current_coverage_bps": "9999.704621657912777040956048",
      "usd_stablecoin_supply_pairwise_current_coverage_pct": "99.99704621657912777040956048",
      "usd_stablecoin_supply_pairwise_current_usd": "304795074594.0927686243915659",
      "usd_stablecoin_supply_previous_day_usd": "310453966620.0628433742234659",
      "usd_stablecoin_supply_unpaired_current_usd": "9003252.3175697530000000",
      "usd_stablecoin_supply_usd": "304804077846.4103383773915659"
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  "schema_version": "novex.daily-regime.public-snapshot.v3",
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      "https://api.exchange.coinbase.com/products/ETH-USD/stats",
      "https://api.exchange.coinbase.com/products/SOL-USD/stats"
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    "coingecko": "https://api.coingecko.com/api/v3/global",
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}