Market State 003: Fear held at 31 as crypto market cap fell 1.69%

Coinbase majors tape

These are rolling Coinbase product statistics captured at the report time. One venue is not the market.

What the evidence establishes

Observed: Fear & Greed changed -2 points from the prior day. Total market cap changed -1.69%. SOL had the largest absolute rolling move on Coinbase. SOL carried the widest range.

Desk read: The regime read fear while the Coinbase majors tape was negative. Stablecoin share adds liquidity context but does not establish where that supply moves next.

Unknown: The evidence does not establish why sentiment changed, whether Coinbase reflects the whole market, or whether stablecoin supply will rotate into risk assets.

What changes the read

• Fear & Greed leaves its current Fear classification while total market cap reverses its 24-hour direction.
• A second primary venue confirms a material change in SOL's rolling move or SOL's wider range.

Public sources

• Alternative.me Fear & Greed Index
• CoinGecko global market endpoint
• DefiLlama stablecoin dataset
• Coinbase Exchange BTC/USD statistics
• Coinbase Exchange ETH/USD statistics
• Coinbase Exchange SOL/USD statistics

Continue through Novex

Context is the first step. Inspect the market, study the system, then decide whether the live Terminal belongs in your workflow.

Corrections

No corrections. Material changes receive a timestamped note here under the Novex Intelligence correction policy.