Guide

Signal Dashboard

A traffic-light overview aggregating 12 indicators (Puell, Cycle Score, MAs, hashrate, NVT, exchange reserve, funding, OI, liquidations, whale flow) into a single conditions read. Green tiles reflect historically lower-risk readings; red tiles reflect historically elevated readings.

KAS Price & MA

Daily KAS price with 30-day and 90-day moving averages and volume toggle. Moving averages smooth out noise and help identify trend direction — price above both MAs is generally bullish, below both is bearish.

Price Drawdown from ATH

Shows how far KAS is currently trading below its all-time high. Deep drawdowns (>70%) have historically coincided with accumulation opportunities.

Emission Rate

Daily KAS issued to miners based on the chromatic emission schedule. Kaspa reduces block rewards monthly, making emission predictable and deflationary over time.

KAS vs BTC

The KAS/BTC ratio over time, showing whether KAS is gaining or losing value relative to Bitcoin. Rising ratio means KAS is outperforming BTC.

KAS Volatility (30d)

30-day rolling annualized volatility. High volatility periods often coincide with major price moves in either direction.

BTC Correlation

30-day rolling Pearson correlation between KAS and BTC daily returns. Low or negative correlation means KAS is moving independently of Bitcoin.

Volume / Market Cap Ratio

Daily trading volume as a percentage of market cap. Unusually high readings can signal major market events or manipulation.

Puell Multiple

Compares today's miner revenue (in USD) to the 365-day average. Below 0.5 historically coincides with miner stress and market bottoms. Above 2.0 historically coincides with elevated conditions.

Cycle Score History

A composite indicator (0–100) combining Puell Multiple, hashrate trend, and price position. Below 40 indicates historically low-risk conditions. Above 70 indicates historically elevated conditions.

mVRV Ratio

Market Value to Realized Value (price-based proxy). Compares current market cap to a 90-day lagged price applied to current supply. Quick approximation; for the on-chain version see MVRV Ratio.

Realized Cap

Aggregate value of all KAS at the price they last moved on-chain — a measure of cost basis across all holders. Crossings of market cap below realized cap have historically coincided with bottoming periods.

MVRV Ratio

On-chain Market Cap divided by Realized Cap. Values above 3.5 have historically coincided with overheated tops; values below 1.0 with capitulation lows.

NUPL

Net Unrealized Profit/Loss. The share of market cap representing aggregate unrealized gains. Above 0.75 marks the euphoria zone; negative readings indicate capitulation.

NVT Ratio

Network Value to Transactions. Divides market cap by daily volume — a high NVT suggests the network is overvalued relative to its economic activity.

Network Activity

Daily transaction count and active addresses. Rising activity with stable or rising price historically coincides with healthy growth.

Hash Ribbons

Compares the 30-day and 60-day hashrate moving averages. When the 30d crosses above the 60d (bullish crossover), it has historically coincided with miner recovery after capitulation periods.

Miner Revenue USD

Daily miner earnings in USD from block rewards. Tracks the economic health of the mining ecosystem.

Mining Profitability Index

Revenue per TH/s — a proxy for miner margins. Declining profitability can precede miner capitulation or hash rate drops.

Exchange Net Flow

Net KAS moving to or from exchanges daily. Outflows (green) suggest accumulation — coins moving to self-custody. Inflows (red) suggest potential selling pressure.

Exchange Flow by Exchange

Per-exchange breakdown of daily net flows. Helps identify which venues are seeing unusual inflows or outflows.

Exchange Reserve %

Total KAS held on tracked exchanges as a percentage of circulating supply. Rising reserve historically coincides with increased sell pressure.

Exchange vs Whale Supply

A snapshot of KAS supply distribution — exchanges, whales (10M+ KAS wallets), project funds, and retail.

Whale Holdings

Top 30 non-exchange wallet balances shown as a horizontal bar chart.

Whale Accumulation Trend

Total KAS held by wallets with 10M+ KAS (excluding exchanges and pools) over time. Rising trend historically coincides with smart money accumulation.

Whale Buying vs Selling

30-day rolling change in total whale balances — momentum view of whale flow with KAS price overlay. Sustained positive deltas have historically coincided with markup phases.

Open Interest

Total value of outstanding KAS perpetual futures contracts. Rising OI with rising price confirms trend. Rising OI with falling price signals increasing short pressure.

Funding Rate

The 8-hour funding rate paid between longs and shorts. Positive (teal) means longs are paying shorts — bullish sentiment. Negative (red) means shorts are paying longs — bearish lean.

Cumulative Funding Rate

Running total of funding payments since October 2025. Sustained positive cumulative funding historically coincides with overleveraged long positioning.

Funding Rate Heatmap

Current funding rates per exchange shown as color-coded tiles. Teal = positive (longs pay), red = negative (shorts pay). When most exchanges show high positive rates simultaneously, the market has historically been overleveraged.

Liquidation Dominance

Daily long vs short liquidation volume. Long-dominated liquidations (red) historically coincide with sharp selloffs. Short-dominated (teal) with short squeezes.

OI / Market Cap Ratio

Open interest relative to market cap — a leverage indicator. High ratio means the derivatives market is large relative to spot, historically associated with elevated volatility.

OI vs Spot Volume

Compares futures open interest to spot trading volume. A high ratio signals speculative excess and historically coincides with overleveraged market conditions.

Liquidation Intensity

Daily liquidation volume as a share of open interest. Spikes mark forced-position-flush events that have historically coincided with local turning points.

Volatility Regime

Where current 30-day volatility sits in its historical distribution. Compressed volatility regimes have historically preceded large directional moves.