macro/MEDIUM confidence
Global Risk Appetite
Non-US equity momentum as a global risk-appetite proxy: KOSPI, DAX, Nikkei (yfinance). Mike L's finding: KOSPI 21d returns are predictive of BTC. Strong negative momentum abroad signals the broad risk-off that precedes or accompanies crypto deleveraging.
RISING
Live
Since Oct 3, 2026State History
RISING
SEVERE
STABLE
ELEVATED
163 readings|2 state changes|RISING: 99%ELEVATED: 1%
State Definitions
RISING
Momentum rolling over across the three markets.
SEVERE
Coordinated global equity stress.
STABLE
Global equities flat-to-positive.
ELEVATED
Broad negative momentum — global risk-off underway.
Sources
Read-only intelligence. Sensor states are diagnostic observations, not predictions.