{
  "brief_content": {
    "confirmation": "The read strengthens if cap turns positive with positive perps breadth.",
    "funding_posture": "positive",
    "headline": "Majors bounced, but total market cap stayed lower.",
    "invalidation": "It breaks if two Coinbase majors turn negative.",
    "metrics": {
      "breadth": {
        "advancers": 59,
        "advancers_pct": "42.44604316546762589928057554",
        "decliners": 60,
        "denominator": 139,
        "flat": 20
      },
      "comparisons": {
        "accepted_age_hours": [
          "20",
          "28"
        ],
        "age_hours": "23.47222222222222222222222222",
        "basis": "prior standard fixed-time brief",
        "btc_dominance_change_pp": "-0.28730468005973",
        "orderly_oi_change_pct": {
          "PERP_BTC_USDC": "-3.430116592756561414903077710",
          "PERP_ETH_USDC": "-1.725955159452740775315933820",
          "PERP_SOL_USDC": "0.853483975819229016925179700"
        },
        "previous_captured_at_utc": "2026-09-13T14:33:29+00:00",
        "stablecoin_dominance_change_pp": "-0.20728080442361660377265535",
        "status": "available"
      },
      "funding_bps": {
        "PERP_BTC_USDC": "1.0000",
        "PERP_ETH_USDC": "1.40980000",
        "PERP_SOL_USDC": "0.87470000"
      }
    },
    "mode": "perps_desk",
    "oi_focus_symbol": "PERP_BTC_USDC",
    "positioning": "Execution-eligible perps breadth was 59 up, 60 down, and 20 flat across 139 complete Novex Scanner markets. Orderly estimated funding was positive for BTC, ETH, and SOL. Positive rates would charge longs at settlement if they held. BTC open interest changed -3.43% versus the prior fixed-time brief.",
    "range_watch": "SOL carried the widest Coinbase rolling range at 3.35%, sitting 0.64% below its 24-hour high.",
    "report_number": 57,
    "schema_version": "novex.daily-regime.brief-content.v1",
    "source_handles": [
      "@CoinMarketCap",
      "@coingecko",
      "@DefiLlama",
      "@coinbase",
      "@OrderlyNetwork"
    ],
    "strongest_major": "BTC",
    "thesis": "Majors bounced, but total market cap stayed lower. Aggregate 24-hour volume rose 33.53% while market cap fell.",
    "trade_talk": null,
    "what_changed": "Fear and Greed changed +3 points versus its prior daily row. Total market cap changed -0.45% and aggregate volume changed +33.53% over 24 hours.",
    "widest_major": "SOL",
    "withheld_layers": [
      "liquidation totals",
      "CME automation",
      "macro catalyst",
      "spot-led versus leverage-led causality"
    ]
  },
  "captured_at_phoenix": "2026-09-14T07:01:49-07:00",
  "captured_at_utc": "2026-09-14T14:01:49Z",
  "derived_data": {
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      "accepted_age_hours": [
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        "28"
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      "basis": "prior standard fixed-time brief",
      "btc_dominance_change_pp": "-0.28730468005973",
      "orderly_oi_change_pct": {
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        "PERP_ETH_USDC": "-1.725955159452740775315933820",
        "PERP_SOL_USDC": "0.853483975819229016925179700"
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      "previous_captured_at_utc": "2026-09-13T14:33:29+00:00",
      "stablecoin_dominance_change_pp": "-0.20728080442361660377265535",
      "status": "available"
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    "coinbase_spot": {
      "BTC-USD": {
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        "change_24h_pct": "1.368303907212972396419032700",
        "coherence_attempts": 1,
        "distance_above_24h_low_pct": "2.471326086708797839136880700",
        "distance_to_24h_high_pct": "0.296315952412542567776745800",
        "high_24h": "78465.88",
        "last": "78234.06",
        "low_24h": "76347.27",
        "open_24h": "77178.03",
        "product": "BTC-USD",
        "range_24h_pct_of_open": "2.745094685624911649079407702",
        "range_position_pct": "89.05792005135442577916652900",
        "snapshot_sequence": "ticker_then_stats",
        "source_lag_seconds": 0,
        "source_time": "2026-09-14T14:01:51.041780845Z"
      },
      "ETH-USD": {
        "base_volume_24h": "73267.50262522",
        "change_24h_pct": "0.428602387010297694054947800",
        "coherence_attempts": 1,
        "distance_above_24h_low_pct": "1.609098328372995732620885400",
        "distance_to_24h_high_pct": "1.249150849150849150849150800",
        "high_24h": "2533.76",
        "last": "2502.5",
        "low_24h": "2462.87",
        "open_24h": "2491.82",
        "product": "ETH-USD",
        "range_24h_pct_of_open": "2.844908540745318682729892207",
        "range_position_pct": "55.90351248413034278459585273",
        "snapshot_sequence": "ticker_then_stats",
        "source_lag_seconds": 0,
        "source_time": "2026-09-14T14:01:50.384433406Z"
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      "SOL-USD": {
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        "change_24h_pct": "1.013513513513513513513513500",
        "coherence_attempts": 1,
        "distance_above_24h_low_pct": "2.749140893470790378006872900",
        "distance_to_24h_high_pct": "0.639386189258312020460358100",
        "high_24h": "102.31",
        "last": "101.66",
        "low_24h": "98.94",
        "open_24h": "100.64",
        "product": "SOL-USD",
        "range_24h_pct_of_open": "3.348569157392686804451510334",
        "range_position_pct": "80.71216617210682492581602374",
        "snapshot_sequence": "ticker_then_stats",
        "source_lag_seconds": 0,
        "source_time": "2026-09-14T14:01:51.844948236Z"
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    "fear_greed": {
      "change_1d_points": 3,
      "change_7d_points": -4,
      "comparison_basis": {
        "current": "CoinMarketCap latest public update",
        "one_day": "daily row dated 2026-09-13",
        "seven_day": "daily row dated 2026-09-07"
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      "current": {
        "classification": "Greed",
        "observation_window": "latest_public_update",
        "updated_at": "2026-09-14T13:53:10.067000+00:00",
        "value": 69
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      "daily_history_age_seconds": 136909.0,
      "previous_day": {
        "classification": "Greed",
        "timestamp_unix": 1789257600,
        "value": 66
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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": 1788739200,
        "value": 73
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      "source_age_seconds": 518.933
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    "global_market": {
      "btc_dominance_pct": "58.55617411283529",
      "eth_dominance_pct": "11.3851934358239",
      "market_cap_change_24h_pct": "-0.44727599921606426",
      "source_clock_skew_seconds": 0,
      "source_lag_seconds": 31.0,
      "total_market_cap_usd": "2675809510775.7007",
      "total_volume_24h_usd": "69702720207.09404",
      "updated_at_unix": 1789394478,
      "volume_change_24h_pct": "33.526876494380836"
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    "perps_market": {
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        "advancers_pct": "42.44604316546762589928057554",
        "decliners": 60,
        "denominator": 139,
        "flat": 20
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      "catalog_fetched_at": "2026-09-14T13:56:50.190000+00:00",
      "coverage": {
        "complete": 139,
        "incomplete": 0,
        "total": 139
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      "fetched_at": "2026-09-14T14:01:51.955000+00:00",
      "majors": {
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          "change_24h_pct": "1.841349455763915300",
          "estimated_funding_bps": "1.0000",
          "estimated_funding_rate": "0.0001",
          "mark_price": "78307.8",
          "open_interest": "25.93137",
          "symbol": "PERP_BTC_USDC"
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        "PERP_ETH_USDC": {
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          "estimated_funding_rate": "0.00014098",
          "mark_price": "2507.08",
          "open_interest": "10789.0566",
          "symbol": "PERP_ETH_USDC"
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        "PERP_SOL_USDC": {
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          "estimated_funding_bps": "0.87470000",
          "estimated_funding_rate": "0.00008747",
          "mark_price": "101.65",
          "open_interest": "11865.13",
          "symbol": "PERP_SOL_USDC"
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      "mode": "live-read-only",
      "partial": false,
      "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": "2026-09-14T14:01:51.955000+00:00",
      "source_lag_seconds": 0,
      "status": "available"
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    "stablecoin_market": {
      "definition": "DefiLlama circulating supply for assets classified as peggedUSD divided by CoinGecko total crypto market cap in USD.",
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      "usd_stablecoin_dominance_pct": "11.66277230567649789499337384",
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      "usd_stablecoin_supply_inline_missing_previous_day_asset_count": 2,
      "usd_stablecoin_supply_missing_previous_day_asset_count": 2,
      "usd_stablecoin_supply_pairwise_asset_count": 335,
      "usd_stablecoin_supply_pairwise_current_coverage_bps": "9999.711502249262268081395113",
      "usd_stablecoin_supply_pairwise_current_coverage_pct": "99.99711502249262268081395113",
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