This chart presents a live macro overlay for crypto markets using the new Crypto Macro Cockpit, a Pine Script-based dashboard that blends traditional flow metrics with institutional-era proxies.
We're currently reading a Risk-ON regime as fresh liquidity deploys into the system—confirmed across stablecoin metrics and sector rotation.
🔍 Key Insights
Risk Flow: Stablecoin cap is rising slower than total market cap → suggests active deployment (Risk-ON)
Liquidity Context: StableCap ROC at +7%, confirming real dry powder growth
Rotation: ETH vs BTC and ETHBTC both accelerating upward → ETH/Alts tilt
TOTAL3ES/ETH ratio: Softening short-term → confirms engineered altseason with ETH as the core liquidity channel
Macro Regime: Risk-ON (new liquidity deploying)
🧠 Thesis
This aligns with the Trojan Cycle thesis:
Institutional liquidity enters through safe, regulated channels (e.g. stablecoins), while synthetic altseasons are engineered to engage and extract liquidity from retail participants.
Legacy macro tools like M2 are no longer as effective. In today’s structure, stablecoin metrics offer real-time, blockchain-native liquidity signals.
- Stablecoin Market Cap reflects actual capital inflow (dry powder entering)
- Stablecoin Dominance proxies sentiment: declining = risk-on, rising = risk-off
- Their spread vs Total Market Cap reveals whether capital is being deployed or parked
As institutions and ETFs reshape market dynamics, this cockpit adapts.
M2 is out. Stablecoins are in.
⚠️ Disclaimer
This is not financial advice.
This script and dashboard are informational tools meant to support macro-level context and regime awareness—not trade signals.
Always do your own research.
We're currently reading a Risk-ON regime as fresh liquidity deploys into the system—confirmed across stablecoin metrics and sector rotation.
🔍 Key Insights
Risk Flow: Stablecoin cap is rising slower than total market cap → suggests active deployment (Risk-ON)
Liquidity Context: StableCap ROC at +7%, confirming real dry powder growth
Rotation: ETH vs BTC and ETHBTC both accelerating upward → ETH/Alts tilt
TOTAL3ES/ETH ratio: Softening short-term → confirms engineered altseason with ETH as the core liquidity channel
Macro Regime: Risk-ON (new liquidity deploying)
🧠 Thesis
This aligns with the Trojan Cycle thesis:
Institutional liquidity enters through safe, regulated channels (e.g. stablecoins), while synthetic altseasons are engineered to engage and extract liquidity from retail participants.
Legacy macro tools like M2 are no longer as effective. In today’s structure, stablecoin metrics offer real-time, blockchain-native liquidity signals.
- Stablecoin Market Cap reflects actual capital inflow (dry powder entering)
- Stablecoin Dominance proxies sentiment: declining = risk-on, rising = risk-off
- Their spread vs Total Market Cap reveals whether capital is being deployed or parked
As institutions and ETFs reshape market dynamics, this cockpit adapts.
M2 is out. Stablecoins are in.
⚠️ Disclaimer
This is not financial advice.
This script and dashboard are informational tools meant to support macro-level context and regime awareness—not trade signals.
Always do your own research.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.