Regime read: **MILD RISK-OFF** (score -2/8). DXY is strengthening (+0.50%), a headwind for long crypto scalps. VIX at 14.4 is calm — normal spread/liquidity conditions expected. NQ futures are down 0.62% — a headwind against risk-on crypto flow during the US/London overlap. Note: BTC/NQ correlation is currently low — the TradFi read above should carry less weight than usual today. BTC dominance is 59.0% (-0.21pp vs yesterday). USDT dominance is rising (+0.20pp) — capital is moving to stables, headwind for longs. 1 risk flag(s) raised — see below before sizing up.
Regime Score
Signal
Score
DXY
-1
VIX
+1
NQ
-1
USDT.D
-1
Flags
BTC/NQ correlation is low (0.01 over 20d) — treat this as a decoupled regime and downweight DXY/NQ signals.