Live dashboard / BTC leverage risk
BTC Leverage Risk Index
A live index for long and short leverage risk built from composite derivatives features. The dashboard tracks the scored long/short risk state, crowding pressure, unwind pressure, and squeeze pressure as the feature stream updates.
Only assets with scored leverage-risk rows are shown.
Live state-machine read
Waiting for scored state
The index is interpreted as a leverage state machine: it shows where pressure is stored and whether price/flow is beginning to stress that side.
Index state
Long and short fragility
Crowding vs trigger pressure
Stored leverage and unwind/squeeze triggers
Context
Open interest, funding, and basis
Index status
Scored leverage-risk rows are charted directly from the index view.
This page is the scored leverage-risk layer. The separate leverage metrics dashboard stays focused on venue-level open interest, funding, and basis; this one reads the normalized long/short state from the leverage index view and marks the page stale if the latest scored row is older than ten minutes.
Interpretation ruleset
Read it as a state machine, not a direct prediction.
High long fragility means downside risk from crowded longs. High short fragility means upside risk from crowded shorts. Active states matter more than stored states.
Both fragility scores below 60. Directional read is weak; do not infer short-term direction from leverage alone.
Long fragility at or above 60, but unwind pressure below 75. Downside vulnerability is elevated, timing uncertain.
Also includes LONG_CROWDED_AND_UNWINDING. This is the strongest bearish leverage state.
Short fragility at or above 60, but squeeze pressure below 75. Upside vulnerability is elevated, timing uncertain.
Also includes SHORT_CROWDED_AND_SQUEEZING. This is the strongest bullish leverage state.
If both sides are above 65, treat it as two-sided instability: noisy direction, higher volatility risk.
Downside leverage risk dominates. Watch price weakness, basis deterioration, and rising unwind pressure.
Upside leverage risk dominates. Watch price strength and rising squeeze pressure.
Treat it as a volatility or stress signal rather than a clean directional read.