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23.PUBLIC // BRIEF
Market Brief
The daily synthesis. One page that pulls the macro tape, on-chain liquidity, perps positioning, unlock pressure, calendar catalysts, and the headline flow into a single verdict. Built for the morning coffee read — what is the market doing right now, in 60 seconds.
As of Tuesday, July 28, 2026 · auto-refreshed every 10 minutes
// THE VERDICT
composite verdict
CHOPPY
score +0
Composite 0: 10Y rising.
DXY · neutralLiquidity · bullFunding · neutralF&G · neutralUnlocks · neutral
// KEY TAKEAWAYS
bull
Net Fed Liquidity expanding +1.17% MoM
Reserves growing — historically supportive for risk assets and BTC.
neutral
DXY at 120.7, +0.15% on the week
Dollar range-bound — neutral macro signal.
neutral
Stablecoin supply contracting -0.38% in 30d ($5B)
Stables flat — neutral on-chain liquidity signal.
neutral
Funding balanced — top-10 perps avg +5.8% annualized
Funding balanced — no extreme positioning skew.
neutral
Fear & Greed at 29 (Fear)
Fear present — typical mid-cycle pullback, not extreme yet.
neutral
10Y-2Y curve un-inverted +34bp
Curve normal — no recession signal from the term structure.
bear
Berachain 4.1% of circ unlocks next 30d
Concentration high — sustained supply pressure for Berachain.
// SNAPSHOTS
Macro
- DXY120.7+0.15% 1w
- US 10Y4.69%+14bp 1w
- Fed Funds3.63%on hold
- ETH/BTC—neutral
Liquidity
- Net Fed Liq$5.92T+1.17% 1m
- Stables$5B-0.38% 30d
- EXPANDING_SLOW
Funding
- Top-10 avg ann.+5.8%balanced
- HottestZRO+29% ann.
- ColdestTRUMP-70% ann.
Sentiment
29
Fear
+4 pts vs 7d ago
// UPCOMING UNLOCKS
⚠ 2 cliffs unlocking this week
| Token | % of Circ (30d) | Annual Dilution | Concentration |
|---|---|---|---|
| BerachainBerachain | 4.13% | 50.27% | high |
| EigenLayer | 3.48% | 38.38% | medium |
| starknet | 2.91% | 25.03% | medium |
// CATALYSTS · NEXT 5
Jul 29in 1dFOMC Rate DecisionFOMChigh
Jul 31in 3dPCE Inflation (June)PCEhigh
Jul 31in 3dARB monthly unlockUnlockmed
Aug 1in 4dEthereum Fusaka upgrade (target)Upgrademed
Aug 7in 10dNonfarm Payrolls (July)NFPhigh
// HEADLINES · LAST 24H
Judge blocks Minnesota from enforcing prediction market ban in win for Kalshi, PolymarketThe Block3h agoBinance co-founder CZ backs crypto license passporting across ASEANCointelegraph4h agoWhat Is KuCoin?The Block5h agoBitcoin slides 2% after U.S. close while Korea’s Kospi plunges 10%CoinDesk5h agoUS judge temporarily blocks Minnesota prediction market banCointelegraph5h ago
data sources · FRED · CoinGecko · DefiLlama · Hyperliquid · alternative.me · refreshes every 10 minutes