Market Extremes
Market Extremes provides time-accurate cryptocurrency market sentiment analysis by tracking tokens reaching all-time highs (ATH) and all-time lows (ATL) using historically correct market compositions. This indicator reveals genuine market euphoria and capitulation phases by analyzing over 1,000+ unique cryptocurrencies across 399 weekly snapshots since 2018, free from survivorship bias that affects traditional market analysis.
Understanding Market Extremes
What is Market Extremes?
Market Extremes provides time-accurate cryptocurrency market sentiment analysis by tracking tokens reaching all-time highs (ATH) and all-time lows (ATL) using historically correct market compositions. Unlike traditional analysis suffering from survivorship bias, this system uses actual top 200 cryptocurrency rankings from each weekly period since 2018.
Dual Sentiment Tracking
The analysis reveals dual market sentiment perspectives: breakout sentiment (genuine new territory conditions, typically 1-5%) and momentum sentiment (directional market movement, often 60-95% during rallies). High ATH percentages often coincide with market euphoria and potential tops, while elevated ATL percentages signal capitulation and potential bottoms.
Historical Accuracy
Built from comprehensive historical data covering 399 weekly snapshots and 99% coverage of top 200 cryptocurrencies per period, encompassing over 1,000+ unique tokens across market history. The chart features dual-sentiment tracking, expandable standard deviation bands, and visual markers highlighting extreme market conditions.
Adaptive Analysis
As cryptocurrency markets mature, ATH frequency naturally decreases due to higher price bases and reduced volatility. To address this challenge, the system employs expanding standard deviation bands calculated from complete historical datasets, providing dynamic thresholds that identify when current ATH/ATL activity is statistically extreme relative to all past market conditions.