ATM

—

                                                            
                          .·······                          
                    .···:::=----+=====--:                   
                 ..···:::---======+++++++==-                
             .··:::---===+++*****ooooooooooo**+             
              ..···:::---+===++++*o***********++=           
             ...··:::---=+==++++**o****ooooo****++=         
             ..···::----===++++*****ooooooooooo***+=        
             ..:·:::---=+==+++*****#oooooooo%oooo**++       
            ...··:::---=+=++++*****#oooooooooooooo**++      
       .    ..:··:::---=+==+++*****#ooooooooo%ooooo*o+=     
             ..···::---=+==++++****#oooooooooooooooo**+-    
      .      ·.···:::---+==++++****#oooooooooo%ooooo*o+=    
      .      ·..··:::---+===++++***#*ooooooooo%ooooo*o+=    
             ·..···:::--+====++++**o***ooooooo#oooo***+=    
      .      ·...···:::-=-====++++*o*****ooooo#ooo***o+=    
      .      . ...···:::=--====++++o**********#*****+*=-    
                ...···::=---=====++o++*************+++=:    
       .      .  ...···:-:----=====*++++++***o**++++*=-     
                  ...···-:::----===*=++++++++++++++==-      
               .   ...··-·::::----=+======++*++====--       
                     ...····::::-----============--:        
                      ...:····::::=--------------:·         
                        .·..·····:-:::::::::::::·           
             ............····::::::-----------:             
                              .......·····..                
                           .    ·    ..

                                              
                  .··:::::::                  
              .··:::--==========-             
          .··::--==+++***oooooooo**+          
           ..·:::--+==+++*o*********+=        
          ..··::--=+=+++**#*ooooooo***+       
          ..··::--==+++****oooooooooo**+-     
          .:··::--==+++****ooooooo%oooo*+     
          ..··::--+==++****#ooooooooooo**=    
     .    ..··::--+==+++***#ooooooooooo*o+:   
          ·.··:::-+===+++**#*oooooo%ooo**+-   
          ·..··::-=-===+++*o***oooo#oo***+-   
     .      ..··::=--===+++o************o=·   
             ..··:=---===++*++********++=-    
           .  ..··:::---====++++++o++++=-     
               ..···:::---======++++===-·     
                ...:··:::-=---======--:       
                  .·.···::-::------::·        
          .........···::::---------:          
                        .........

Research Desk

Gold4,423+0.32%

Bitcoin63,844+0.15%

S&P 500772.49+0.25%

Sectors 200D9/11BROAD

HYPE churn0.15×QUIET

Smart money-0.64HEAVILY SHORT

Calendar

macro prints

Event	Date
Producer Price Index	2026-08-13
Retail Sales	2026-08-14
Nonfarm Payrolls	2026-09-04
Federal Open Market Committee	2026-09-16

Macro

rates · dollar · metals · energy

Instrument	Read	In 52W range	Last	1W	YTD
Dollar IndexDXY	FAIR	70%	99.99	+0.02%	+1.74%
GoldGOLD	FAIR	55%	4,423	+4.27%	+2.25%
Gold MinersGDX	FAIR	58%	90.96	+8.70%	+6.05%
WTI CrudeWTI	FAIR	47%	82.25	+6.42%	+43.24%
Brent CrudeBRENT	FAIR	49%	88.00	+6.68%	+44.62%
Long TreasuriesTLT	CHEAP	1%	82.11	-1.07%	-5.79%
VolatilityVIX	CHEAP	7%	14.68	-3.10%	-1.81%

Regions

cross-market dislocation · open vs closed

Region	Session	Read	In 52W range	Last	On the day
JapanNIKKEI	—	RICH	87%	68,309	+1.16%
TaiwanTAIEX	—	RICH	93%	46,021	+1.11%
KoreaKOSPI	—	FAIR	62%	6,813	+3.56%
GermanyDAX	—	RICH	100%	26,437	+0.40%
United KingdomFTSE	—	RICH	93%	10,790	-0.40%
United StatesNASDAQ	—	RICH	92%	26,588	+0.54%

Open / closed is computed on view in UTC. A market that closed hours ago has not seen what the open ones have — that gap is the read.

Sectors

GICS 11 complete

Sector	Read	In 52W range	Last		1M
TechnologyXLK	RICH	87%	188.86	0.00	+2.85%
Health CareXLV	RICH	100%	168.44	0.04	+6.41%
FinancialsXLF	RICH	99%	57.92	0.00	+3.10%
DiscretionaryXLY	FAIR	65%	117.89	-0.01	+1.72%
CommunicationsXLC	CHEAP	33%	110.27	-0.04	-1.06%
IndustrialsXLI	RICH	99%	185.88	0.00	+3.01%
StaplesXLP	FAIR	66%	85.08	-0.01	+1.99%
EnergyXLE	RICH	92%	61.03	0.04	+7.16%
UtilitiesXLU	CHEAP	39%	43.84	-0.07	-4.05%
Real EstateXLRE	FAIR	75%	44.49	-0.03	+0.02%
MaterialsXLB	RICH	91%	52.58	0.01	+3.83%
SemiconductorsSMH	FAIR	78%	584.83	-0.05	-2.58%
BiotechXBI	RICH	94%	159.39	-0.00	+2.53%
Regional BanksKRE	RICH	97%	77.38	0.00	+3.17%
Equal WeightRSP	RICH	100%	221.08	0.01	+3.57%
GrowthIWF	RICH	83%	124.42	-0.02	+0.97%
ValueIWD	RICH	99%	257.77	0.02	+4.63%
High YieldJNK	CHEAP	34%	95.85	-0.03	-0.05%
S&P 500SPY	RICH	99%	772.49	0.00	+2.75%
Nasdaq 100QQQ	RICH	88%	723.70	-0.02	+0.56%
Russell 2000IWM	RICH	100%	302.71	0.00	+2.78%

Crypto · liquidity

turnover = 24h volume ÷ open interest · lean −1 short to +1 long

	Price		Liquidity	Positioning		Open interest			Funding
Coin	Last	Day	Turnover	Crowd lean	Smart lean	OI	OI Δ	Flow	Carry APR	Excess
BTC	63,844	+0.15%	0.70639%	-0.32	-0.64	2.58B	+1.23%	NEW LONGS	4.60%	-6.35%
ETH	1,894	+0.12%	0.39335%	-0.19	0.61	1.65B	+3.84%	NEW LONGS	10.95%	0.00%
SOL	76.36	+0.11%	0.32120%	-0.35	0.21	383M	+0.65%	NEW LONGS	-3.78%	-14.73%
XRP	1.012	-0.62%	0.24233%	-0.10	0.36	115M	+6.29%	NEW SHORTS	10.95%	0.00%
HYPE	57.31	+4.11%	0.15321%	-0.15	-0.04	1.24B	+2.68%	NEW LONGS	10.95%	0.00%

Liquidation gravity · Open interest by strikesmart cohort · clusters vs spot · calls vs puts · 4 expiries · PUT/CALL OI 0.62

HYPE 57.30

BTC 63,840

ETH 1,894

BTC 63,769

14AUG2624H IV 24.2% · 1σ ±1.26% · MP 64K

15AUG262.0D IV 26.0% · 1σ ±1.92% · MP 64K

16AUG263.0D IV 23.3% · 1σ ±2.10% · MP 64K

28AUG2615.0D IV 30.0% · 1σ ±6.08% · MP 63K

BTC DVOL 35.60 60D RANGE 33.9–47.7 · 17th PCTILE

Daily market sentiment from ATM Research. Follow @0xYissey

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