Regime timeline
The market’s bull/bear posture as a time series, not just today’s snapshot. Breadth is the share of the book whose daily EMA 21 sits above EMA 55 (an uptrend); above 50% the tape is net-bullish, below it net-bearish. Watch the ribbon to see the whole market turn — and the dots mark each bull↔bear flip.
Risk posture
Leaning bearish
Breadth
42%
14/33 bullish
Crypto
33%
Stocks
44%
Risk-offNet biasRisk-on
Breadth — % of the book in an uptrend
AllCryptoStocks
Recent flips:1/17 → bullish1/18 → bearish4/16 → bullish6/11 → bearish
Reconstructed from Hyperliquid daily closes. Each asset counts once its EMA 55 is warm; a stock carries its last read across weekends. Crypto spans the full window; stock/commodity perps list on HL only from late 2025, so the stocks line starts later. See the live read on Analysis.