The Conditions Index

The Index is a composite on a nought to one hundred scale of six components: conviction, flows, liquidity, momentum, leverage and volatility. It is published at data/sci/sci-latest.json with sixty-three days of history beside it, and every surface reads that one file.

The Index is published only when its factors report. When one is missing it is withheld rather than computed from the remainder, because a score built from part of its inputs would not be the Index. That rule is fixed, and it is the reason the number is worth reading.

The four bands are Caution to twenty-four, Guarded to forty-four, Neutral to sixty-nine and Expansion above that, the same thresholds the mobile surface uses. The band a reading falls into is shown on the tick bar; the history chart shows how long the market has stayed in each, which is the part a level alone hides.

The Riverbank

The desk sets a floor and a ceiling on an asset every Saturday, before the week opens, and publishes them. They are not moved until the following Saturday whatever happens in between. A session is scored on its full twenty-four hour range, not on its close, so a wick through a bank counts.

An asset earns banks when the desk is willing to set them every week and stand behind the verdict. Until then it is watched, not judged, and sits on the Watchlist. Every week is scored on the Scorecard, including the ones the desk gets wrong.

The Tension

The Tension sets a sentiment reading against a net flow reading. Sentiment comes from alternative.me on a nought to one hundred scale. Flow is the net institutional figure the desk computes, scaled against the widest month on file, so the two marks are each read against their own extreme.

The only thing to read is the lean of the line joining them. Upright means agreement. It needs both sides, and when either is missing the chart is left empty rather than drawn from the half that is present.

The Watchlist and admission

Series on the Watchlist are followed between editions whether or not they moved. Trend shows seven days for coins and twelve months for aggregates; aggregate deltas are computed from weekly closes. A series leaves the Watchlist only with a dated note on Corrections, never quietly.

Sources

Prices, market capitalisation, volume and bitcoin dominance come from CoinGecko. Fear and Greed comes from alternative.me. Everything else on the site is computed by the desk from those two and from the desk note, and is labelled as computed where it appears.

Only sources the site actually calls are named. If a source is listed here it is because code fetches it, not because it is on a wishlist.

The Listen

The weekly issue is recorded and published alongside it. When the recording has not been generated the row on the Weekend edition says so rather than offering a control that does nothing.

The voices, and the use of AI

Sirruna is written by the desk with AI, edited to a published editorial standard. Marcus, James, Hakima, Mei and Sarah are desk voices the paper writes under, not people. Who writes this explains what each voice covers and why they are named.

No figure on the site is generated. Every number is fetched or computed, and a value that is missing shows a dash. Nothing is carried forward from a previous load.