Smart Lab
What it shows
A single direction score for a coin, built from eight independent market features: flows to and from exchanges, liquidations, order book imbalance, whale moves, funding, open interest, price pace and supply held on exchanges. Each feature has its own weight and its own reading, and the score is their sum on a scale from minus ten to plus ten. The widget shows the stance of the whole market, a quadrant matrix with every scored coin, the highest and lowest scoring coins, and the breakdown of the eight features for the selected coin. A feature without fresh data does not enter the calculation and is never substituted with zero, which is why coverage is shown next to every number.
How to read it
Start with the market stance, because a single coin read without the backdrop of the whole set looks stronger than it is. Then look at the matrix: the interesting dots are far from the center and high up, meaning a score confirmed by many features at once. Finally click a coin and go through the eight bars. If the entire score rests on one feature while the rest are empty, the picture is weak regardless of the number. The widget describes the state of the data, it does not suggest decisions.
Parameters
- Direction score
- The sum of contributions from eight features on a scale from minus ten to plus ten. Positive describes a majority of historically bullish readings, negative a majority of bearish ones.
- Positive reading: A score above plus two with high coverage: most features say the same thing, rather than one feature pulling the whole score.
- Negative reading: A score below minus two: a majority of historically bearish readings.
- Neutral reading: The range from minus two to plus two is the neutral zone, marked on the matrix with a grey band. A score near zero is not an indication.
- Coverage
- How many of the eight features had fresh data at calculation time. A coin below the coverage threshold gets no score at all and lands on the list of coins without a score.
- Positive reading: Coverage near one hundred percent: the score rests on a complete picture.
- Neutral reading: Low coverage does not mean a calm market, it means less data. Read the age of the oldest reading shown next to it the same way.
- Quadrant matrix
- The horizontal axis is the direction score, the vertical axis is your choice: the number of active features or 24 hour volume. A dot is one coin, the color is its sector, the size grows with volume.
- Positive reading: A dot high up and far from the center: a strong score confirmed by many features at once.
- Neutral reading: A dot low down means a score built on few active features, even when the score itself is high.
- Market stance
- A summary of every scored coin: the weighted score, the share of strongly bullish and strongly bearish coins, and the gap between bitcoin and the alt median.
- Positive reading: Risk on means most scored coins sit on the same, bullish side.
- Negative reading: Risk off is a majority of scores on the bearish side across the whole scored set.
- Neutral reading: A gap between bitcoin and the alts says only that the two parts of the market currently show a different data picture.
- The four quadrants
- The vertical line in the middle splits the score into bearish on the left and bullish on the right. The horizontal split separates coins with strong confirmation at the top from weak confirmation at the bottom. Clicking a quadrant name under the chart shows its description.
- Positive reading: Top right quadrant: a positive score backed by several features at once or by heavy volume, depending on the chosen vertical axis.
- Negative reading: Top left quadrant: a negative score confirmed by several features at once.
- Neutral reading: Both bottom quadrants hold scores built on one or two features or on a thin market. The direction is the same as above, but the weight is much smaller: a single new reading can flip it.
- Lines on the matrix
- The vertical line in the middle is zero, the divide between the bearish and bullish side. The grey band around it is the neutral zone from minus two to plus two. The horizontal lines are the vertical axis scale. The colored line joining dots is the trail of the selected coin.
- Neutral reading: The trail shows how the selected coin moved across the matrix over the last day: the faint end is the oldest reading, the solid dot is the current state. It answers whether the score is just forming or has been in place for hours. It can be switched off above the chart.
- What the eight features measure
- Exchange flows: the difference between what comes onto exchanges and what leaves them. Inflow is supply ready to be sold, outflow is coins moving into private wallets. Liquidations: forced closures of leveraged positions, and a cascade clears the crowd from one side. Order book liquidity: how many real orders sit near the price, because in a thin book the same money moves price further. Whales: large transfers, where direction matters more than the amount. Funding: the cost of holding a perpetual position, a measure of crowding on the long or short side. Open interest: how much capital sits in open positions, so a rise together with price means new money, while a rise with a flat price means building tension. Momentum: the pace of price change over a short window. Supply on exchanges: how many coins sit on exchanges at all, ready to be sold.
- Neutral reading: Each feature has its own freshness threshold. A reading older than that threshold does not enter the score and is never substituted with zero.
- Which features weigh the most
- Historically the features describing capital movement worked most often, rather than the shape of the chart: flows to and from exchanges, liquidations, order book liquidity posted by market makers, large whale transfers, and funding together with open interest. That is why these features carry the largest weights in the score.
- Neutral reading: Indicators drawn from price alone, such as RSI, MACD or candlestick patterns, do not appear in this widget. Historically they worked when capital flow confirmed the move, and without that confirmation they were wrong about as often as right.
- Why data can be missing
- Coverage rarely reaches one hundred percent, because every feature has a different source. Supply held on exchanges is only entering collection, so for now it is silent for every coin. Whales rely on alert channels that report only transfers above a threshold, so a quiet day means no entry rather than no movement. The order book needs a snapshot from an exchange for a specific pair. Funding and open interest exist only for coins with perpetual contracts on the connected exchanges.
- Neutral reading: A gap lowers coverage and usually the number of active features too, so such a coin sits lower on the matrix. That is deliberate: less data should mean a weaker indication, not a score pretending to be certain.
- Eight feature breakdown
- Bars for the selected coin: to the right when a feature speaks for a rise, to the left for a fall. A feature without data gets no bar, only a note saying what is missing.
- Neutral reading: A feature with data but no clear reading stays at the center as neutral. That is a different state than missing data.
Example
A coin has a score of plus six with eighty eight percent coverage, meaning seven of eight features had fresh data. The bars show the score is driven by outflow from exchanges, order book imbalance and price pace, while funding is neutral. Supply on exchanges has no reading, so it does not enter the calculation and is not counted as zero. Historically such a setup was described as a picture aligned on the bullish side, but it remains a description of data, not a forecast.