{
  "brief_content": {
    "confirmation": "The read strengthens when total cap, breadth, and two majors align.",
    "funding_posture": "mixed",
    "headline": "The tape stayed split. Breadth did not confirm a clean regime.",
    "invalidation": "It breaks when that alignment reverses at the next fixed-time brief.",
    "metrics": {
      "breadth": {
        "advancers": 70,
        "advancers_pct": "50.72463768115942028985507246",
        "decliners": 51,
        "denominator": 138,
        "flat": 17
      },
      "comparisons": {
        "accepted_age_hours": [
          "20",
          "28"
        ],
        "age_hours": "24.27944444444444444444444444",
        "basis": "prior standard fixed-time brief",
        "btc_dominance_change_pp": "-0.065741585501054",
        "orderly_oi_change_pct": {
          "PERP_BTC_USDC": "-3.432088105151261003599943800",
          "PERP_ETH_USDC": "4.525512037149336425304078700",
          "PERP_SOL_USDC": "-10.87986151534431644352993732"
        },
        "previous_captured_at_utc": "2026-09-03T14:00:09+00:00",
        "stablecoin_dominance_change_pp": "-0.02289538244856354425011377",
        "status": "available"
      },
      "funding_bps": {
        "PERP_BTC_USDC": "1.0000",
        "PERP_ETH_USDC": "1.0000",
        "PERP_SOL_USDC": "-0.74950000"
      }
    },
    "mode": "perps_desk",
    "oi_focus_symbol": "PERP_SOL_USDC",
    "positioning": "Execution-eligible perps breadth was 70 up, 51 down, and 17 flat across 138 complete Novex Scanner markets. Orderly estimated funding was mixed across BTC, ETH, and SOL. SOL open interest changed -10.88% versus the prior fixed-time brief.",
    "range_watch": "SOL carried the widest Coinbase rolling range at 5.44%, sitting 4.49% below its 24-hour high.",
    "report_number": 47,
    "schema_version": "novex.daily-regime.brief-content.v1",
    "source_handles": [
      "@CoinMarketCap",
      "@coingecko",
      "@DefiLlama",
      "@coinbase",
      "@OrderlyNetwork"
    ],
    "strongest_major": "SOL",
    "thesis": "The tape stayed split. Breadth did not confirm a clean regime. Aggregate 24-hour volume rose 62.48% while market cap fell.",
    "trade_talk": null,
    "what_changed": "Fear and Greed changed -3 points versus its prior daily row. Total market cap changed -1.84% and aggregate volume changed +62.48% over 24 hours.",
    "widest_major": "SOL",
    "withheld_layers": [
      "liquidation totals",
      "CME automation",
      "macro catalyst",
      "spot-led versus leverage-led causality"
    ]
  },
  "captured_at_phoenix": "2026-09-04T07:16:55-07:00",
  "captured_at_utc": "2026-09-04T14:16:55Z",
  "derived_data": {
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        "28"
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      "basis": "prior standard fixed-time brief",
      "btc_dominance_change_pp": "-0.065741585501054",
      "orderly_oi_change_pct": {
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        "PERP_ETH_USDC": "4.525512037149336425304078700",
        "PERP_SOL_USDC": "-10.87986151534431644352993732"
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      "previous_captured_at_utc": "2026-09-03T14:00:09+00:00",
      "stablecoin_dominance_change_pp": "-0.02289538244856354425011377",
      "status": "available"
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    "coinbase_spot": {
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        "change_24h_pct": "-1.368339448502462290893993360",
        "coherence_attempts": 1,
        "distance_above_24h_low_pct": "0.591946898508736497018612600",
        "distance_to_24h_high_pct": "3.577784608862098282519381100",
        "high_24h": "82283",
        "last": "79440.78",
        "low_24h": "78973.3",
        "open_24h": "80542.88",
        "product": "BTC-USD",
        "range_24h_pct_of_open": "4.109239699399872465449459965",
        "range_position_pct": "14.12454300994047798894159592",
        "snapshot_sequence": "ticker_then_stats",
        "source_lag_seconds": 0,
        "source_time": "2026-09-04T14:16:57.061578005Z"
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      "ETH-USD": {
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        "coherence_attempts": 1,
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        "distance_to_24h_high_pct": "3.705905829267696718440750300",
        "high_24h": "2546.54",
        "last": "2455.54",
        "low_24h": "2434.39",
        "open_24h": "2489.1",
        "product": "ETH-USD",
        "range_24h_pct_of_open": "4.505644610501787794785263750",
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        "snapshot_sequence": "ticker_then_stats",
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        "source_time": "2026-09-04T14:16:57.114672178Z"
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        "change_24h_pct": "-3.273525481962206527963351780",
        "coherence_attempts": 1,
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        "distance_to_24h_high_pct": "4.489393191909225456339417900",
        "high_24h": "105.9",
        "last": "101.35",
        "low_24h": "100.2",
        "open_24h": "104.78",
        "product": "SOL-USD",
        "range_24h_pct_of_open": "5.439969459820576445886619584",
        "range_position_pct": "20.17543859649122807017543860",
        "snapshot_sequence": "ticker_then_stats",
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        "source_time": "2026-09-04T14:16:57.273406878Z"
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    "fear_greed": {
      "change_1d_points": -3,
      "change_7d_points": -3,
      "comparison_basis": {
        "current": "CoinMarketCap latest public update",
        "one_day": "daily row dated 2026-09-03",
        "seven_day": "daily row dated 2026-08-28"
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      "current": {
        "classification": "Greed",
        "observation_window": "latest_public_update",
        "updated_at": "2026-09-04T14:08:10.032000+00:00",
        "value": 75
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      "daily_history_age_seconds": 137815.0,
      "previous_day": {
        "classification": "Greed",
        "timestamp_unix": 1788393600,
        "value": 78
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      "scope": "Fresh public CoinMarketCap Fear & Greed update with exact-date daily history comparisons. Sentiment context, not a timing signal.",
      "seven_days_ago": {
        "classification": "Greed",
        "timestamp_unix": 1787875200,
        "value": 78
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      "source_age_seconds": 524.968
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    "global_market": {
      "btc_dominance_pct": "59.12369653898723",
      "eth_dominance_pct": "11.10434042244199",
      "market_cap_change_24h_pct": "-1.837517144091677",
      "source_clock_skew_seconds": 0,
      "source_lag_seconds": 349.0,
      "total_market_cap_usd": "2681352864523.686",
      "total_volume_24h_usd": "122321414915.73984",
      "updated_at_unix": 1788531066,
      "volume_change_24h_pct": "62.47790976868581"
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    "perps_market": {
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        "advancers_pct": "50.72463768115942028985507246",
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        "denominator": 138,
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      "catalog_fetched_at": "2026-09-04T14:12:35.942000+00:00",
      "coverage": {
        "complete": 138,
        "incomplete": 0,
        "total": 138
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      "fetched_at": "2026-09-04T14:16:57.430000+00:00",
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          "estimated_funding_bps": "1.0000",
          "estimated_funding_rate": "0.0001",
          "mark_price": "79351.9",
          "open_interest": "24.53668",
          "symbol": "PERP_BTC_USDC"
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        "PERP_ETH_USDC": {
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          "open_interest": "9883.4562",
          "symbol": "PERP_ETH_USDC"
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          "estimated_funding_rate": "-0.00007495",
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      "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": "2026-09-04T14:16:57.430000+00:00",
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      "status": "available"
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      "usd_stablecoin_dominance_pct": "11.60286752680810795481983976",
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      "usd_stablecoin_supply_missing_previous_day_asset_count": 2,
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      "usd_stablecoin_supply_pairwise_current_coverage_bps": "9999.710612267416896716694876",
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