Cross Asset

Relationship map · regime agreement · divergences · transmission

MOCKSHADOWREAD ONLY2026-06-14 14:02:11 UTC

Regime

RISK-ON

Liquidity

Agreement

72%

macro ↔ onchain

Divergences

Leaders

Risk Transmission

LOW

Final Brain

CRYPTO_BETA_RISK_ON

CONV78RISK54ALPHA81LIQ74

Reasons

›Global liquidity expanding (TGA drain + RRP unwind)
›Equities breadth >65, leadership broad
›DXY rejected 105.4, US10Y stable
›Crypto leadership rotating from BTC to ETH / SOL
›Funding neutral, basis curve normal contango

Preferred Flows

BTC dominance fadeETH betaL2 rotationAI narrativeUSD-funded carry

Action › Add to high-beta crypto, fade DXY rallies, avoid energy longs

Correlation Matrix · Relationship Map

	BTC	ETH	Gold	Oil	DXY	US10Y	SPX	QQQ	VIX
BTC	1.00	0.86	0.18	0.04	-0.42	-0.31	0.64	0.68	-0.52
ETH	0.86	1.00	0.22	-0.02	-0.48	-0.34	0.61	0.70	-0.49
Gold	0.18	0.22	1.00	0.34	-0.58	0.12	0.08	0.04	-0.06
Oil	0.04	-0.02	0.34	1.00	-0.12	0.22	-0.04	-0.08	0.18
DXY	-0.42	-0.48	-0.58	-0.12	1.00	0.41	-0.36	-0.42	0.32
US10Y	-0.31	-0.34	0.12	0.22	0.41	1.00	-0.48	-0.54	0.28
SPX	0.64	0.61	0.08	-0.04	-0.36	-0.48	1.00	0.92	-0.74
QQQ	0.68	0.70	0.04	-0.08	-0.42	-0.54	0.92	1.00	-0.78
VIX	-0.52	-0.49	-0.06	0.18	0.32	0.28	-0.74	-0.78	1.00

Leadership Map

BTCanchor

+1.80%LEAD82

ETHleader

+3.20%LEAD88

SOLleader

+4.10%LEAD84

Goldanchor

+1.20%LEAD76

Oillaggard

-1.60%LEAD34

Nasdaqleader

+0.80%LEAD72

Russellfollower

+0.40%LEAD58

DXYlaggard

-0.30%LEAD42

Liquidity Focus

Global M278

US Liquidity (TGA/RRP)81

CB Balance64

Stablecoin Supply72

DEX Depth69

Funding (inverse)76

Divergences & Contradictions

BTC↔Gold
BTC ↑ while Gold flat — risk-on leadSCORE72
DXY↔SPX
DXY ↓ + SPX ↑ — classic risk-onSCORE84
Oil↔Industrials
Oil ↓ while Industrials ↑ — divergenceSCORE58
VIX↔QQQ
VIX ↓ + QQQ ↑ — confirm trendSCORE88

Transmission Map

1Global Liquidity ↑
2DXY ↓
3Risk Assets ↑
4Crypto Beta ↑
5Alt Rotation

Agreement › Macro & onchain aligned. Risk-on confirmed.