Euphoria Score
Tracking market overheating conditions, starting with Bitcoin
Live Module
Bitcoin Euphoria Score
Last updated: Sep 7, 2026, 05:38 PM UTC
Speculative activity is elevated. Fear & greed index, altcoin relative performance, btc funding rate are running above baseline levels. Conditions warrant close attention.
Score History
Metric Breakdown
BTC Funding Rate
25% weight
+6.9 pts
Funding rate is 0.0048%, near neutral. No strong directional bias in perpetual markets.
BTC Open Interest
25% weight
+5.9 pts
Open interest is $2.2B, at moderate levels. Normal derivatives activity.
BTC Dominance
10% weight
+2.4 pts
BTC dominance is 59.1%, elevated. Capital is concentrated in Bitcoin, suggesting risk-off positioning.
Altcoin Relative Performance
15% weight
+8.7 pts
Altcoins are slightly outperforming BTC by 4.6pp. Mild risk appetite in the alt market.
Fear & Greed Index
15% weight
+10.7 pts
Fear & Greed Index is at 71 (Greed). Greed is present but has room to extend.
Macro Risk Proxy
10% weight
+1.8 pts
Macro conditions are risk-off. Market is down 3.2% with subdued volume. Risk appetite is low.
What is Driving the Score
Weighted contribution of each metric to the composite score of 72.6
About Euphoria Score
Euphoria Score is a platform for tracking market overheating conditions across asset classes. Bitcoin Euphoria Score is the first live model, combining derivatives data, sentiment indicators, and macro signals into a single daily composite score. More modules are coming soon.