Regime read: NEUTRAL (score -1/8). DXY is strengthening (+0.27%), a headwind for long crypto scalps. VIX at 16.4 is calm — normal spread/liquidity conditions expected. NQ futures are down 1.33% — 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. 2 risk flag(s) raised — see below before sizing up.
Regime Score
Signal
Score
DXY
+0
VIX
+0
NQ
-1
USDT.D
+0
Flags
BTC/NQ correlation is low (0.11 over 20d) — treat this as a decoupled regime and downweight DXY/NQ signals.
ETHUSDT OI up 5.5% over lookback — leverage stacking, stop-run risk.