The application
Market intelligence
Understand news about your assets, market indicators and capital flows.
On this page
The Market page gathers what moves around your positions, in three tiles: two tabs, Market and My portfolio, and the Capital flows page. Market shows the market context (prices of the largest assets, Fear & Greed, volatility, stablecoin supply), the copilot's market brief, the agenda of US releases and crypto expiries, a summary of capital flows, then the news feed, refreshed every 15 minutes. My portfolio lists the assets you follow with their reading of the week, the copilot's briefing on your holdings, and the feed of their news; without holdings, it invites you to add an account. The page gives context; it does not tell you what to do with it.
A feed every 15 minutes
Crypto and finance sources, grouped into stories and ranked by importance, coverage and freshness; My portfolio ranks them by the weight of your assets first.
A reading per asset
Under My portfolio, each followed asset has a reading, with its shares and signal strength in its panel; a weak signal gives no direction.
Market indicators
Fear & Greed, Bitcoin dominance, Altcoin Season, implied volatility, stablecoin supply and US macro, each on its own refresh, beside the agenda of the next releases.
Capital flows
The latest ETF flows and the latest 13F filing, summarised here; CME positions, institutional positions and company holdings on their own page.
The Market tab shows the general feed. The My portfolio tab selects news considered relevant to the assets you hold. Each story sits on one row: its title opens the original article, its other articles unfold under Other articles, and an asset it names filters the feed in one click. The articles come from English-language newsrooms and are shown in their original language, under both interfaces. Under My portfolio, a story that touches your portfolio carries a wallet mark after its assets: on hover or tap, it opens the line that says what the story touches and leads to its page: a lending position and its health factor, in the colours of your thresholds, when the story names its protocol, its collateral or the borrowed asset; otherwise a deposit on a protocol it names; otherwise your exposure to the asset, in dollars and as a share of the portfolio. A health factor in the warning or critical band stays visible next to the mark. Next to the mark, the copilot's compass, named Ask the copilot, opens the chat with a question about the story, which you read before sending: nothing is generated before you send it. The feed also filters by universe (Crypto, TradFi, DeFi) and by topic (Regulation, ETF, Risk, Macro). Headlines picks the three most notable stories of the last 72 hours. A story published since your last visit carries New, and the feed counts them.
The line under the title says how long ago the feed was refreshed. When a source does not answer, it also shows Data · partial: the affected areas are behind its ?, and the figures they feed show "–". Data · from cache means a source serves its last values, whose age is behind the ?; Data · unavailable means no market source answered, and the feed stays readable. Refresh the feed asks the sources again, at most once every two minutes.
The general feed, its stories and the indicators are available on every plan. The My portfolio tab is part of Pro.
Under My portfolio, Followed assets gives one row per asset you hold or are exposed to through a protocol, when it had news over the last 7 days: its share of the portfolio, or Through a protocol when you do not hold its token, its stories over 7 days, its reading and its 24-hour price change. The reading is Bullish, Bearish or Neutral, the dominant direction of the stories the AI classified, or Weak signal when coverage is too thin to give one. Clicking a row opens the asset's panel: your positions on the asset (holding, deposits, lending positions and their health factor), the shares behind the reading, the signal strength (Strong, Moderate, Indicative or Weak), the change of the bullish share over 24 hours in points, the sources that read it the other way when there are at least two, the price change over 1 hour, 24 hours and 7 days, the main topic, the five latest stories and See in the feed.
For a dollar stablecoin you hold, the 24-hour column gives its gap to the dollar: it is flagged from 0.5% and critical from 3%, either way. Its panel adds its price, its issuer and its mechanism, and keeps only the news that matters for its peg: regulation, risk, hacks, legal cases, or stories that name the issuer.
This reading describes the news; it does not predict prices.
Fear & Greed
- What it reads
- A 0 to 100 composite of market emotion, from extreme fear to extreme greed, on a neutral gauge where the band is named in words.
BTC Dominance
- What it reads
- The share of the crypto market held by bitcoin.
Altcoin Season
- What it reads
- Whether altcoins (above 75) or bitcoin (below 25) have been outperforming.
DVOL
- What it reads
- The implied volatility of crypto options, a volatility index for crypto.
Stablecoin supply
- What it reads
- The total supply of stablecoins, a proxy for capital parked on the sidelines.
Macro
- What it reads
- US policy rate, 10-year yield and inflation, under the agenda of the next 14 days. An indicator the source did not return shows "–", with the reason behind its ?.
Capital flows cover daily crypto ETF flows, weekly positions on CME bitcoin and ether futures, positions disclosed quarterly by institutional managers and the bitcoin and ether held by listed companies. The detail page requires Pro. It opens from its tile, next to Market and My portfolio, or from the capital flows card of the Market tab. Its overview reads the ETF net flow over the last 7 sessions with a one-line reading of the trend (demand building, redemptions dominant, demand recovering, flows losing momentum or mixed signals, from the signs of the 7- and 30-session flows), bitcoin and ether side by side, the flow over 30 sessions, the latest session and the share of positive sessions, then the flow momentum and the other channels: the bitcoin held by listed companies with the three largest holders, and their ether, the positions increased and reduced by institutional managers over the last quarter, the weekly change in the net position of asset managers on the CME, and leverage on perpetual futures, the current funding rate averaged and the open interest added up over major perpetual futures venues. The ETF tab shows the daily flows over 30 days, 90 days or one year, then one row per trading session; a session is marked Unusual when its flow, for bitcoin or ether, is larger than nine sessions out of ten among the previous 30. The Companies tab reads bitcoin or ether: the total held by listed companies, its share of the supply and the number of companies, then one row per company, from the largest holder, 25 per page: country, holding, value at the current price, entry cost when the company published it, and share of the supply. A holding is the latest one the company published. The list gives no date per company and no history: the tab shows the date it was read, every 6 hours, and no change over time. A company that no longer holds any is not counted, and a holding that cannot match its value at the current price is left out. The Institutions tab reads one quarter at a time, the latest by default, compared with the previous one: it can be narrowed to bitcoin or ether ETFs and searched by manager name, and it is sorted by the size of each move in dollars. Positions are shown in bitcoin or ether equivalents, an estimate: the declared value divided by the asset's closing price on the last day of the quarter. The Positioning tab reads the CME futures, for bitcoin or ether: the net position of asset managers and of leveraged funds with their change over the week, the open interest, one year of net positions on a chart, the five categories of the report, then the funding rate and open interest of perpetual futures. A source that is not up to date is named at the top of the page. Each source shows its own date: ETF flows through the last trading session, CME positions as of each Tuesday, published the following Friday, company holdings on the day the list was read, 13F positions as of the end of their quarter, filed up to 45 days later. The 7- and 30-session figures cover the last 7 and 30 trading sessions, whatever period the chart shows, and the chart's line is the seven-session average.
First filing we hold marks the start of tracking a position. It does not prove a recent purchase and cannot establish a change from the previous quarter.
With Pro and AI enabled, the market brief summarises the wider market, and the portfolio briefing, under My portfolio, reads the news about your holdings. Opening the page never generates either one: each shows its last version with its generation date, and a new one is generated only when you ask for it, with Generate the brief or the Regenerate button of its card. The market brief is shared by every reader and kept 6 hours: a request within that time shows the current one. The portfolio briefing is regenerated only when what it reads has changed. The portfolio briefing reads the last 48 hours of news about your holdings; the share held, the reading of each asset and the stories it cites come from the same calculations as the page, not from the model. An asset recap covers the last seven days of news about an asset, with the reading the page shows for it. Clicking an asset under Followed assets opens its panel; the recap sits at the end and is generated only when you ask for it (Summarize BTC news, for example). Check the displayed generation date to put the analysis in context.
Read the visual indicators
Labels and icons describe a story’s topic, direction and importance. For prices and flows, the + or − sign indicates the direction of change.
Frequently asked questions
What is the difference between the market feed and my portfolio's feed?
The My portfolio tab shows only the stories scored as relevant to assets you hold, and is part of Pro. The Market tab shows the broad feed regardless of your holdings, on every plan.
How is the feed ranked?
A story is one event, however many articles carry it. The Market tab ranks stories by importance, by the number of newsrooms that carried them and by freshness: a story's weight halves every day, so the day's news reads first. Priority marks at most three important stories of the last 24 hours, carried by two newsrooms or published by a primary source such as a protocol's governance forum; Watch marks at most eight more from the last 48 hours, important or widely carried. Several feeds from one newsroom count as one source. Sources agree appears only when articles judged separately read the same direction: a story carried by several newsrooms is not, by itself, an agreement. Finance wires with no bearing on the market (dividends, analyst ratings, appointments) are left out, and the DeFi filter gathers the governance forums, the articles that name a tracked DeFi protocol and those the AI classified as DeFi. My portfolio ranks by the weight of your assets first, a stablecoin counting for a quarter of its weight, and its stories fade over two days instead of one.
How do I read the sentiment figures?
Look at the signal strength first (Strong, Moderate, Indicative or Weak), in the asset's panel: it reflects how many stories and sources support the reading, how severe the topics are and how recent they are. At Weak, no direction is given and the row says Weak signal. The shares can mislead when coverage is thin; the strength tells you how much to trust them.
What does "unclassified articles" mean?
No story about that asset was classified by the AI this week: the row counts its articles, and the reading stays Weak signal. It is an absence of data, not a negative signal.
Does sentiment predict price?
No. Sentiment describes recent news. Prices can move differently; the counterpoint helps you examine those differences.
What are Fear & Greed, Altcoin Season and DVOL?
Fear & Greed: a 0-100 composite of market emotion, from extreme fear to extreme greed. Altcoin Season: whether altcoins (above 75) or bitcoin (below 25) are outperforming. DVOL: the implied volatility of crypto options, a volatility index for crypto. Each describes the market's state, not a direction to follow.
What does the agenda show?
The next 14 days, in your local time, and the next Fed decision even further out: the Fed's rate decisions, minutes and Beige Book; US inflation (CPI), jobs, producer prices, job openings and the employment cost index; GDP, income and spending (PCE) and the trade balance; the monthly crypto options expiry, on the last Friday at 08:00 UTC, quarterly with futures in March, June, September and December; and the 13F filing deadline, 45 days after each quarter. Dates and times come from the official US calendars. High impact is our own estimate of what usually moves markets, and no economists' forecast is shown. When an official calendar does not respond, its last reading stays; for the Fed's decisions, the dates it publishes a year ahead are used instead.
What are the market brief and the asset recap?
The market brief is a copilot summary of the overall market state, independent of your holdings. The asset recap summarises the last 7 days of news for a single asset. Both require AI to be enabled and belong to the Pro plan.
Why do most badges share the same colour?
Badges describe an article’s topic and direction. Read their labels and icons; colour alone does not establish whether a story is favourable or unfavourable for your portfolio.
What does "First filing we hold" mean on an institutional position?
It means this is the earliest quarter held for that manager and that instrument, so nothing is known about what they held before. It is different from New, which is only shown when the previous quarter is known to have been zero. A first filing shows no quarterly change and is excluded from the largest-move rankings, because a position that has only begun to be tracked is not a move the manager made.
How are institutional positions converted into bitcoin or ether?
Managers declare ETF shares and their value at the end of the quarter. The value is divided by the closing price of bitcoin or ether on the last day of that quarter, which gives an estimate, marked ≈. A position fully sold is valued at the share price that the other managers' filings give for the same fund and quarter. When that day's price cannot be read, the equivalent shows –.
What do the CME positions show?
Every Friday, an official weekly report publishes who holds CME futures as of the previous Tuesday, in five categories: dealers, asset managers, leveraged funds, other reportables and non-reportables. Patrima adds up the standard and micro contracts and converts them at their size, 5 BTC and 0.1 BTC for bitcoin, 50 ETH and 0.1 ETH for ether, so the figures read in BTC and ETH. A net position is long positions minus short positions. A short position held by leveraged funds is often the other side of a spot ETF purchase, the basis trade, and does not necessarily mean a bet on a fall. When a week's report is late, the date in the header says so, and the last published week stays shown.
What does the wallet mark on a My portfolio story say?
It says what the story touches in your portfolio, without AI: hover over it or tap it to read its line. A lending position comes first, with the lowest health factor, when the story names its protocol, its collateral or the borrowed asset: the price of either moves that health factor. Otherwise comes a deposit on a protocol it names, with its amount; an amount marked ≈ leaves out positions without a price. Otherwise comes your exposure to the asset, in dollars and as a share of the portfolio: it comes from the latest snapshot, collateral included and debt not deducted. The line leads to the position's page, and the asset's panel lists all your positions on it. A health factor in the warning or critical band of your thresholds is not left behind the mark: it stays visible next to it.
How do I read a stablecoin's gap to the dollar?
It is the stablecoin's last known price compared to $1, either way. Under 0.5%, the gap shows without a flag; from 0.5% to 3%, it is flagged; from 3%, it is critical. A price that was not observed (a missing quote counted at $1) gives none: the cell shows "–". A token like sUSDe reads under its underlying, USDe, whose peg it carries; a yield-bearing stablecoin read on its own has no gap, since it is worth more than a dollar by construction. The gap describes a price; it does not judge the issuer.
Can I ask the copilot what a story changes for me?
Yes, under My portfolio, when a story touches one of your positions: the copilot's compass, next to its wallet mark, opens the chat (its name, Ask the copilot, shows on hover) with a question already written, which you read before sending. The copilot receives the story itself (title, source, date, topic, summary), read by Patrima, along with the context of your positions; it answers with options and their numbers, doing nothing included. A story's text comes from its newsroom: the copilot reads it as information, never as an instruction. If AI is turned off in Settings, the question does not appear and the chat does not answer.
See also