Metric methodology

Per metric, the API serves: current value with normalized score and signal (/v1/metrics/{id}), full history with provenance and value_normalized (/v1/metrics/{id}/timeseries), the precomputed variant grid — change variants (absval/abschg/relchg) × time variants (now/past1h..past30d and, where forecasting passed its persistence gate, next24h/next7d/next30d) — at /v1/metrics/{id}/variants, and every computation method's result side by side at /v1/metrics/{id}/methods. Metric IDs are assigned sequentially and carry no meaning; the Type column is the classification: Proprietary = computed by Black Belt Labs and not (easily) available elsewhere — its methodology is a trade secret; Classic = a metric whose substance is available elsewhere, served here with full history, variants and provenance. Rows are anchor-linkable by metric id (e.g. #M50031).

All metrics are computed by the Black Belt Labs engine from raw ingested market data. Quantum-computed metrics run on Qiskit simulators with hardware-ready circuits. Historical values carry a provenance marker: live (computed at the time), backfill_recomputed (same formula re-run on historical data), backfill_approximate (reconstructed from approximate sources), or backfill_model_retro (AI metrics only: model retrodiction under a blind, no-dates protocol — hindsight leakage minimized by construction but not fully excludable), or forecast (a model-projected future value, never an observation).

Forecasts. Selected metrics expose next24h/next7d/next30d variants produced by statistical time-series models retrained weekly. A forecast is published for a metric and horizon only if it beat a naive no-change baseline in out-of-sample backtesting; where it did not, the variant is deliberately absent rather than fabricated. Slow-publication metrics (e.g. attested reserve breakdowns) use the current value as the stated forecast. Realized forecast accuracy is tracked continuously and errors are retained. Forecasts are statistical projections, not predictions of actual outcomes, and are not investment advice.

Computation methods. Per our data doctrine, the same metric may be computed with multiple independent methods — progr (classical/programmatic), learn (AI/machine learning), and quantum (quantum circuits on simulators, hardware-ready). Each computation is stored and labeled separately; the catalog lists every method used per metric and /v1/metrics//methods returns all current computations side by side. Agreement across methods strengthens a signal; divergence is itself information.

Live freshness: status page · pricing · API docs

AI

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M10121	Regime Transition Probability (7d)	Proprietary	progr, quant-hw, quant-sim	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M50019	AI Market Narrative	Proprietary	learn	AI-Enhanced (Gemini)	1h	public	Proprietary methodology — Black Belt Labs trade secret.
M50020	AI Anomaly Detection	Proprietary	learn, progr, quant-sim	AI-Enhanced (Gemini)	30min	public	Proprietary methodology — Black Belt Labs trade secret.

Analytics

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M50016	Regime Detection	Proprietary	learn, progr	AI-Enhanced (Gemini)	30min	public	Proprietary methodology — Black Belt Labs trade secret.
M50052	Correlation Solver	Proprietary	progr	Classical (Python)		public	Proprietary methodology — Black Belt Labs trade secret.

QC

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M50021	Portfolio Optimization	Proprietary	quant-hw, quant-sim	Quantum (Qiskit simulator)	1h	public	Proprietary methodology — Black Belt Labs trade secret.
M50022	Risk Simulation (VaR)	Proprietary	quant-hw, quant-sim	Quantum (Qiskit simulator)	1h	public	Proprietary methodology — Black Belt Labs trade secret.
M50050	QC Portfolio Optimization	Proprietary	quant-hw, quant-sim	Quantum (Qiskit simulator)		public	Proprietary methodology — Black Belt Labs trade secret.
M50051	QC Monte Carlo Risk	Proprietary	quant-hw, quant-sim	Quantum (Qiskit simulator)		public	Proprietary methodology — Black Belt Labs trade secret.

defi

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M10033	DeFi Rehypothecation Ratio	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10125	Swap-to-Depth Ruin Ratio	Proprietary	chatgpt, claude, gemini, progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10126	MEV Extraction Intensity	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M50025	DeFi TVL Momentum	Classic	progr	Classical (SQL)		public	Total DeFi TVL in billions USD across tracked protocols; signal from average 24h TVL change.
M50026	Protocol Security Score	Classic	progr	Classical (SQL)		public	Percentage of tracked DeFi protocols with positive 24h TVL change.
M50027	Smart Contract Risk Index	Classic	progr	Classical (SQL)		public	Absolute average 7-day TVL change across tracked DeFi protocols.

derivatives

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M10028	Variance Risk Premium	Classic	progr, quant-hw, quant-sim	Classical (SQL)	daily	public	Deribit DVOL implied volatility minus BBL-computed 30-day realized BTC volatility (annualized, from hourly prices), in volatility points. Positive = options priced rich vs delivered volatility; negative = cheap. The gate for judging whether protective options are worth their premium.
M10037	Funding Extremity Percentile	Classic	progr	Classical (SQL)	daily	public	Percentile rank of the current 3-day average BTC perp funding rate within its trailing 2-year distribution. Values near 100 = extremely crowded longs, near 0 = extremely crowded shorts; extremes historically precede mean-reversion (H10054). Computed from Binance BTCUSDT funding history since 2019.
M10045	Fixing-Window Gravity Ratio	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10046	Expiry Notional Overhang	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10070	CME Basis Premium	Classic	chatgpt, claude, gemini, progr	Classical (SQL)	hourly	public	Front-month CME bitcoin futures premium over spot, in percent (continuous front-contract series; contract-roll steps near monthly expiry are a declared artifact, and the CME 16:00 CT close vs 24/7 spot close is a declared timing mismatch). Rich basis = leveraged institutional long demand; backwardation historically marks capitulation. Daily history from 2017-12-18.
M10072	Crash-Skew Premium	Classic	progr, quant-hw, quant-sim	Classical (SQL)	hourly	public	25-delta risk reversal on BTC options: average put IV minus average call IV in vol points, the listed expiry nearest 30 days out (10-60d window; adaptive because listed expiries do not always cover a fixed band), Deribit mark IVs. Positive = crash protection priced richer than upside participation. Deltas are BBL-computed Black-Scholes (r=0) from exchange mark IV - declared, not exchange-published. Per-strike capture began 2026-09-13; earlier history is deliberately absent (no free source), so the series accrues from that date.
M10073	Funding Expectation Gap	Classic	chatgpt, claude, gemini, progr	Classical (SQL)	hourly	public	Predicted next Binance BTCUSDT funding minus the trailing 30-day settled average, both annualized (percentage points per year). Positive spikes = leveraged longs crowding in faster than the recent norm; deep negatives = shorts paying up. Predicted rate from Binance premiumIndex snapshots; history from 2026-07-14 (start of snapshot capture).
M10074	Liquidation Magnet Distance	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10076	OI Turnover Multiple	Proprietary	chatgpt, claude, gemini, progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10094	Weekend Perp Gap Forecast Error	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10095	Weekend Venue Dispersion	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10096	Price-Limit Binding Share	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10097	Weekend Hedge-Gap Premium	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10098	RWA-Perp Turnover & Concentration	Proprietary	chatgpt, claude, gemini, progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10111	Open Positions (binance)	Classic	progr	Classical (SQL)	1h	public	Total BTC+ETH perp open interest on Binance, billions USD (OI x mark price).
M10112	Open Positions (okx)	Classic	progr	Classical (SQL)	1h	public	Total BTC+ETH perp open interest on OKX, billions USD.
M10113	Open Positions (bybit)	Classic	progr	Classical (SQL)	1h	public	Total BTC+ETH perp open interest on Bybit, billions USD.
M10130	Derivatives-Led Impulse Score	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10133	Trend Handover Pressure Score	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10141	Squeeze Fuel Score	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10142	Beneficiary Asymmetry	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10143	Large-Move Reversal Probability	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10146	Gamma Pin Map	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10147	Venue Lead Index	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M50006	Counterparty Exposure Index	Proprietary	progr, quant-hw, quant-sim	Classical (SQL)	15min	public	Proprietary methodology — Black Belt Labs trade secret.
M50014	Funding Rate Sentiment	Classic	progr	Classical (SQL)	5min	public	Average annualized perpetual funding rate across Binance, OKX and Bybit BTC/ETH perps (8h rate × 3 × 365).
M50015	Open Interest Ratio	Classic	progr	Classical (SQL)	5min	public	BTC share of combined BTC+ETH perpetual open interest in USD (Bybit).
M50041	Options Put/Call Ratio	Classic	progr	Classical (SQL)		public	Total put open interest divided by total call open interest on Deribit BTC+ETH options.
M50042	Perpetual Premium Index	Classic	progr	Classical (SQL)		public	Average perp basis: (mark - index) / index in percent across tracked perps.

exchange

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M10024	Shadow Settlement Ratio	Proprietary	progr, quant-hw, quant-sim	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10078	Cross-Market Parameter Sync Score	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10139	Paper-BTC Ratio	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10144	Index-Component Stress	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M50005	Exchange Reserve Risk	Classic	progr	Classical (SQL)	15min	public	Proxy for exchange reserve drawdown risk from BBL-tracked ETH exchange hot wallets (5 addresses: Binance, Coinbase, Kraken). Cumulative net inflow forms a reserve-level proxy; the metric is its drawdown from the trailing 365-day peak, expressed in days of typical (180-day average) gross flow. Higher = reserves draining faster from their peak; normalized 50 = about 6 days of typical flow withdrawn. Declared proxy: ETH hot wallets only (BTC cold wallets trade too rarely for a flow-normalized level); does not cover full exchange reserves.
M50044	Exchange Liquidity Depth	Classic	progr	Classical (SQL)		public	Average combined bid+ask depth within ±1% of mid (USD) across tracked order books.

gaming

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M50034	Gaming Token Index	Classic	progr	Classical (SQL)		public	Gaming-token category health from CoinGecko category data: 50 + 2.5 x 24h % change + 7d % change of the category market cap, clipped to 0-100. A function of recent returns, not an independent signal.

macro

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M10026	Carry Exodus Pressure	Classic	progr	Classical (SQL)	daily	public	3-month US T-bill yield minus annualized 30-day average BTC perp funding, in percentage points. When the risk-free real dollar out-yields the crypto-native dollar, the structural reason to keep capital inside the stablecoin system erodes - measures when the yield engine of H10022 loses fuel.
M10030	Cross-Asset Decoupling Shock	Proprietary	progr, quant-hw, quant-sim	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10038	Liquidity Tide Index	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10041	MSTR Relative Bid	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10042	Weekend Drift Differential	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10087	EM Dollar-Scarcity Premium	Proprietary	chatgpt, claude, gemini, progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10088	Treasury-Company mNAV	Proprietary	chatgpt, claude, gemini, progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10089	Issuance-at-Premium Intensity	Proprietary	chatgpt, claude, gemini, progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10091	Crisis Decoupling Score	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10150	ETF Flow and Basis Timing	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.

market

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M50023	Altcoin Season Index	Classic	progr, quant-hw, quant-sim	Classical (SQL)		public	Percentage of top-50 non-stablecoin altcoins outperforming BTC over 30 days.
M50024	Market Breadth Indicator	Classic	progr	Classical (SQL)		public	Percentage of top-100 coins with positive 24h price change.

nft

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M50033	NFT Market Health Index	Classic	progr	Classical (SQL)		public	NFT category market health from CoinGecko category data: 50 + 2.5 x 24h % change + 7d % change of the category market cap, clipped to 0-100. A function of recent returns, not an independent signal.

onchain

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M10025	Urgency Asymmetry	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10029	Miner Margin Squeeze	Classic	progr	Classical (SQL)	daily	public	Miner economics proxy: BTC price divided by (network difficulty x natural-gas price), indexed to its 2-year average (value 100 = average margin). Normalized score is the inverse percentile - high score = miners squeezed hardest in 2 years, historically a capitulation/bottom antenna. Energy proxied by NG futures; difficulty from the public Bitcoin dataset.
M10032	Mining Pool Concentration	Classic	progr	Classical (SQL)	daily	public	Herfindahl index of Bitcoin mining-pool block shares over trailing 30 days, from coinbase-tag identification of mined blocks (public blockchain data). Reported alongside the identified share; unidentified blocks are excluded from the index and disclosed. High concentration = fewer independent block producers than the decentralization narrative implies.
M10036	Bridge Concentration Index	Classic	progr, quant-hw, quant-sim	Classical (SQL)	daily	public	Herfindahl index of 30-day flow shares across BBL's tracked L2 bridge contracts (Base, Optimism, zkSync, Polygon), normalized 0 (even) to 100 (single bridge). High concentration = more value exposed to a single bridge's failure - the H10053 blast-radius gauge. Declared fixed four-bridge set.
M10039	Sanctioned Wallet Activity	Proprietary	progr, quant-sim	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10040	Halving Cycle Phase	Classic	progr	Classical (SQL)	daily	public	Position within the current Bitcoin halving cycle: days elapsed since the last halving as a percentage of the historical inter-halving interval. A pure calendar function (halvings 2012-11-28, 2016-07-09, 2020-05-11, 2024-04-19) - the narrative clock that H10060 says is tradeable despite being fully public.
M10068	Token Unlock Overhang	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10069	Fork Proximity Gauge	Classic	progr	Classical (SQL)	daily	public	Days until the next scheduled Ethereum mainnet upgrade (from the public forkcast calendar), scored so 100 = upgrade imminent and 0 = none within 100 days. Declared narrow: Ethereum-ecosystem only - no free multi-chain fork calendar exists (paid sources evaluated and documented). Absent when no dated upgrade is scheduled, rather than fabricated.
M10071	Hash Ribbon Stress	Classic	chatgpt, claude, gemini, progr	Classical (SQL)	hourly	public	30-day vs 60-day moving average of Bitcoin mining difficulty, as a percent spread. Difficulty proxies committed hashrate (re-targets every ~2016 blocks). Negative readings = miner capitulation underway - historically a contrarian bottom marker. Daily history from 2024-11-07 (start of BBL difficulty capture plus the 60d baseline).
M10123	Whale Wallet Net Flow (7d)	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10128	Hashrate Floor Persistence	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M50010	Gas Price Index	Classic	learn, progr	Classical (SQL)	1h	public	Ethereum standard gas price in gwei, 24-hour mean of the samples; normalized as gwei / 50 x 100, capped at 100.
M50011	Network Congestion Score	Classic	progr	Classical (SQL)	1h	public	Ethereum block gas utilization (gas_used / gas_limit, percent) aggregated over every block of the latest complete UTC day. Replaced single-latest-block sampling on 2026-10-22.
M50012	Mempool Pressure Index	Classic	progr	Classical (SQL)	15min	public	Pending transaction count in the Ethereum mempool.
M50013	Transaction Volume Index	Classic	progr	Classical (SQL)	30min	public	Average number of transactions per Ethereum block over every block of the latest complete UTC day. Replaced single-latest-block sampling on 2026-10-22.
M50032	Smart Contract Activity	Classic	progr	Classical (SQL)		public	Contract calls as a percentage of transactions in the latest sampled block.
M50037	Whale Accumulation Index	Classic	progr, quant-hw, quant-sim	Classical (SQL)		public	Sum of tracked non-exchange whale wallet balances (ETH).
M50038	Exchange Reserve Flow	Classic	progr	Classical (SQL)		public	Sum of tracked exchange wallet balances (ETH); lower is bullish.
M50039	Bridge Flow Monitor	Classic	progr, quant-sim	Classical (SQL)		public	Latest-day gross ETH flow (in + out) through the BBL-tracked L2 bridge contracts; normalized as latest / trailing-30d average x 50, clipped to 0-100.
M50040	Smart Contract Activity Index	Classic	progr	Classical (SQL)		public	Share (%) of Ethereum transactions that are contract calls on the latest complete day (BigQuery public Ethereum dataset).
M50043	Exchange Inflow/Outflow Ratio	Classic	progr	Classical (SQL)		public	Average across chains (bitcoin, ethereum) of 30-day inflow / outflow of the BBL-tracked exchange wallets (native coin only); normalized as ratio x 50, clipped to 0-100. Covers only the tracked wallets, not whole exchanges.

personal

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M10034	Portfolio Depeg Exposure	Proprietary	progr, quant-hw, quant-sim	Classical (SQL)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.
M10043	Portfolio Concentration	Proprietary	progr, quant-hw, quant-sim	Classical (SQL)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.
M10044	Portfolio BTC Beta	Proprietary	progr, quant-hw, quant-sim	Classical (SQL)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.
M10050	Rebalance Efficiency Gap	Proprietary	progr, quant-hw, quant-sim	Classical (SQL/Python)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.
M10051	Hedge Coverage Score	Proprietary	progr, quant-hw, quant-sim	Classical (SQL/Python)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.
M10052	Cardinality Frontier Distance	Classic	progr, quant-hw, quant-sim	Classical (SQL/Python)	hourly	personal	Personal: gap between the portfolio's trailing 60d Sharpe and the best Sharpe achievable holding AT MOST 3 assets from the investable set. Cardinality-constrained Markowitz is NP-hard classically. QC-candidate: QUBO; classical enumeration today.
M10053	Harvestable Loss Estimate	Proprietary	progr, quant-hw, quant-sim	Classical (SQL/Python)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.
M10054	Proxy Substitution Signal	Proprietary	progr, quant-hw, quant-sim	Classical (SQL/Python)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.
M10055	Liquidation Cost Estimate	Proprietary	progr, quant-hw, quant-sim	Classical (SQL/Python)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.
M10056	Regime Allocation Gap	Proprietary	progr, quant-hw, quant-sim	Classical (SQL/Python)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.
M10057	Stable Sleeve Risk Balance	Classic	progr, quant-hw, quant-sim	Classical (SQL/Python)	hourly	personal	Personal: expected loss (bps) of your stablecoin/fiat sleeve given BBL's live USDT de-peg probability and declared relative issuer haircuts (USDC at 40% of USDT's risk, USD at zero). Multi-currency optimization is the QC-candidate as the menu grows.
M10058	Portfolio CVaR 95	Classic	progr, quant-hw, quant-sim	Classical (SQL/Python)	hourly	personal	Personal: 95% conditional value-at-risk (expected shortfall, % per day) of the portfolio from trailing 60d historical simulation. QC-candidate with the strongest theory: quantum amplitude estimation gives a proven quadratic speedup over Monte Carlo, most valuable exactly in the tail.
M10059	Stress Survival Score	Proprietary	progr, quant-hw, quant-sim	Classical (SQL/Python)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.
M10060	Depeg Cascade Loss	Proprietary	progr, quant-hw, quant-sim	Classical (SQL/Python)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.
M10061	12-Month NAV Cone P5	Proprietary	progr, quant-hw, quant-sim	Classical (SQL/Python)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.
M10062	Protective Put Budget	Proprietary	progr, quant-hw, quant-sim	Classical (SQL/Python)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.
M10063	Effective Bets	Classic	progr, quant-sim	Classical (SQL/Python)	hourly	personal	Personal: the number of INDEPENDENT risk factors your portfolio actually holds (entropy of eigenvalue-decomposed risk contributions). Ten coins can be 1.5 bets. QC-candidate: quantum PCA of the covariance; classical eigendecomposition today.
M10064	Crash-Correlation Beta	Proprietary	progr, quant-hw, quant-sim	Classical (SQL/Python)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.
M10065	Counterparty Contagion Node	Proprietary	progr, quant-hw, quant-sim	Classical (SQL/Python)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.
M10066	Redundancy Index	Proprietary	progr, quant-sim	Classical (SQL/Python)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.
M10067	Adverse-Regime Sensitivity	Proprietary	progr, quant-sim	Classical (SQL/Python)	hourly	personal	Proprietary methodology — Black Belt Labs trade secret.

regulatory

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M10022	Announcement Inversion Score	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10035	Regulatory Tone Whiplash	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M50028	Regulatory Sentiment Index	Proprietary	progr	Classical (SQL)		public	Proprietary methodology — Black Belt Labs trade secret.
M50029	Compliance Risk Score	Classic	progr	Classical (SQL)		public	Average GDELT negative-tone score of crypto-regulation news, scaled ×10 (0-100).

sentiment

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M10047	Polymarket Spot Skew	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10149	Narrative-Positioning Alignment	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M50017	Sentiment (currently stale — data source pending)	Classic	progr	Classical (SQL)	15min	public	AI NLP sentiment from news and social
M50030	Social Sentiment Score (currently stale — data source pending)	Classic	progr	Classical (SQL)		public	Weighted social sentiment score (0-100) from the LunarCrush social feed. Goes stale while the provider returns 402 Payment Required.
M50031	Fear & Greed Index	Classic	progr	Classical (SQL)		public	Passthrough of the Alternative.me crypto Fear & Greed index (0-100).

social

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M10023	Degenerate-Canary Divergence	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10027	Herding Reflexivity Index	Proprietary	progr, quant-hw, quant-sim	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.

stablecoin

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M10079	Dry-Powder Share of Stablecoin Supply	Proprietary	chatgpt, claude, gemini, progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10080	Stablecoin-BTC Lead Decay	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10082	Stablecoin Bill-Bid Share	Proprietary	chatgpt, claude, gemini, progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10083	Bill-Yield Sensitivity to Stablecoin Flow	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10085	Reserve-Quality Dispersion Index	Proprietary	progr	Classical (SQL)	monthly	public	Proprietary methodology — Black Belt Labs trade secret.
M10086	Regulated-Stablecoin Share Drift	Proprietary	chatgpt, claude, gemini, progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10092	USDC Issuance Burst Ratio	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10138	Stablecoin Issuance by Chain	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M50001	Stablecoin Health Index	Proprietary	progr	Classical (SQL)	5min	public	Proprietary methodology — Black Belt Labs trade secret.
M50002	Tether Printer Activity	Classic	progr	Classical (SQL)	5min	public	USDT total supply, in billions.
M50003	Stablecoin Dominance Ratio	Classic	progr	Classical (SQL)	10min	public	USDT market cap as a percentage of total tracked stablecoin market cap.
M50004	Stablecoin Flow Indicator	Proprietary	progr	Classical (SQL)	15min	public	Proprietary methodology — Black Belt Labs trade secret.
M50035	Tether Treasury Flow	Classic	progr	Classical (SQL)		public	USDT market cap, in billions USD.
M50036	USDT Circulating Share	Classic	progr	Classical (SQL)		public	USDT circulating supply as a percentage of total supply (the unissued treasury share). Not a velocity measure; see M10138 for transfer velocity.

tether

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M10004	USDT Peg Deviation	Classic	progr	Classical (SQL)	1h	public	USDT market price deviation from 1.000 in percent (internal: CoinGecko price).
M10005	USDT Bitfinex Premium	Proprietary	progr	Classical (SQL)	1h	public	Proprietary methodology — Black Belt Labs trade secret.
M10008	Tether Gross Printing 24h	Classic	progr	Classical (SQL)	1h	public	Change in USDT total supply over 24h, billions.
M10009	Tether Net Printing 24h	Classic	progr	Classical (SQL)	1h	public	Change in USDT circulating supply over 24h, billions.
M10011	Tether Published Treasury	Classic	progr	Classical (SQL)	1h	public	Tokens authorized but held in Tether treasury (unissued), billions, from Tether published transparency data.
M10016	Inverse-Perp Dissonance	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10019	Dollar-Refuge Demand Index	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10020	Peg Suppression Index	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10021	Print-to-Pump Differential	Proprietary	progr	Classical (SQL)	daily	public	Proprietary methodology — Black Belt Labs trade secret.
M10101	Tether Reserves: Cash	Classic	progr	Classical (SQL)	1h	public	Tether reserves per asset class, billions USD, from Tether published attestation figures.
M10102	Tether Reserves: Tbills	Classic	progr	Classical (SQL)	1h	public	Tether reserves per asset class, billions USD, from Tether published attestation figures.
M10103	Tether Reserves: Metals	Classic	progr	Classical (SQL)	1h	public	Tether reserves per asset class, billions USD, from Tether published attestation figures.
M10104	Tether Reserves: Bitcoin	Classic	progr	Classical (SQL)	1h	public	Tether reserves per asset class, billions USD, from Tether published attestation figures.
M10105	Tether Reserves: Bonds	Classic	progr	Classical (SQL)	1h	public	Tether reserves per asset class, billions USD, from Tether published attestation figures.
M10106	Tether Reserves: Equities	Classic	progr	Classical (SQL)	1h	public	Tether reserves per asset class, billions USD, from Tether published attestation figures.
M10107	Tether Reserves: Loans	Classic	progr	Classical (SQL)	1h	public	Tether reserves per asset class, billions USD, from Tether published attestation figures.
M10108	Tether Reserves: Other	Classic	progr	Classical (SQL)	1h	public	Tether reserves per asset class, billions USD, from Tether published attestation figures.
M10109	Tether Reserves: Total	Classic	progr	Classical (SQL)	1h	public	Tether reserves per asset class, billions USD, from Tether published attestation figures.
M10122	USDT De-Peg Probability (30d)	Proprietary	progr, quant-hw, quant-sim	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10124	Tether Treasury USDT Net Flow (7d)	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10129	Tether Mint Window	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M50053	Stablecoin Chatter Stress	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.

volatility

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M50018	Implied Volatility Index	Classic	progr, quant-sim	Classical (SQL)	15min	public	Deribit BTC DVOL (annualized implied vol) divided by sqrt(365): daily implied volatility in percent.

volume

ID	Metric	Type	Methods	Computation	Cadence	Personalization	Methodology
M10018	Volume/Depth Honesty Ratio	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10031	Cap-to-Depth Illusion Ratio	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10048	Depth Withdrawal Gauge	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10049	Fixing-Window Volume Share	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10075	Clip-Recycling Share	Proprietary	chatgpt, claude, gemini, progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10077	Net-of-Recycling Volume	Proprietary	chatgpt, claude, gemini, progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10131	Impulse Concentration Score	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M10132	Retail Chase Intensity	Proprietary	progr	Classical (SQL)	hourly	public	Proprietary methodology — Black Belt Labs trade secret.
M50007	Volume Authenticity Score	Proprietary	progr	Classical (SQL)	30min	public	Proprietary methodology — Black Belt Labs trade secret.
M50008	Liquidity Fragmentation Index	Classic	progr, quant-hw, quant-sim	Classical (SQL)	15min	public	Cross-venue liquidity fragmentation from BBL orderbook snapshots (Binance, Coinbase, Kraken; BTC and ETH books). Each venue's share of total quoted depth within 2% of mid (bids+asks, latest snapshot per book) feeds a Herfindahl index, normalized so 0 = all depth on one venue and 100 = depth spread evenly across the three tracked venues; averaged over BTC and ETH. Venue set is declared and fixed at three.
M50009	Market Depth Ratio	Classic	progr	Classical (SQL)	15min	public	Average bid-to-ask depth ratio within ±1% of mid across tracked exchange order books (30h window).