Crypto Market Structure: Strength with Narrow Participation

YearBull US Market Structure Weekly

YearBull detected a split beneath the strong headline market reading. The Market Bull Index reached 81/100 on 22 сентября, 2026, while equal-weight daily participation was 38,8%. The relationship between the 30-day structure and one-day participation is the central indicator this week.

Observation date 2026-09-22Published 22 сентября, 2026Author Alan ZelvinData Download CSV
Market Bull Index81/100Late Bull · +4 vs 7d
30d cap-weighted breadth97,9%94,8% data coverage
Daily participation38,8%9 508 eligible assets
Bitcoin reference$85 427+9,3% vs 7d

What changed this week

The MBI rose from 77 to 81 over seven days, moving from Bull Market to Late Bull. Bitcoin’s stored reference price gained +9,3% over the same window and +10,8% over 30 days. Total crypto market capitalization increased +10,7% over seven days and +13,1% over 30 days.

Trend (100,0%) and 30-day breadth (97,9%) are doing most of the work. The risk-balance component remains supportive at 80,9%. Liquidity (43,2%) and structure (38,2%) are materially weaker, reflecting turnover, dominance, and concentration conditions.

The important divergence

Capitalization-weighted 30-day breadth says that larger assets broadly remain above their month-earlier prices. Equal-weight daily participation says only 38,8% of 9508 eligible assets rose in the latest daily comparison. These readings are not contradictory: they use different horizons and weighting. Together they describe a strong medium-term regime with a selective latest session—exactly the kind of split an ordinary price table misses.

Market Bull Index — 90 daysThe index ended at 81/100; higher values indicate a more bullish aggregate regime.
95.073.351.529.88.02026-06-242026-09-22
Bitcoin reference price — indexed to 100A normalized context series; the first displayed observation equals 100.
145.7132.4119.0105.792.32026-06-252026-09-22
Current Market Bull Index componentsTrend and breadth are strong; liquidity and structure provide the main restraint.
0%25%50%75%100%100.0%Trend97.9%Breadth80.9%Risk balance43.2%Liquidity38.2%Structure
Equal-weight daily participationShare of eligible analytical assets with a positive daily price change.
87.2%68.3%49.5%30.7%11.8%2026-06-252026-09-22

Leadership snapshot

The table identifies the assets with the strongest completed YearBull Rank positioning. Unlike a raw return leaderboard, the rank rewards the quality of strength across momentum, liquidity, market-relative performance, stability, drawdown resilience, risk, and available history.

Rank Asset Bull Cycle 7d price
1 Pepe PEPE 72 Early 45,1%
2 Sui SUI 74 Early 42,1%
3 Avalanche AVAX 90 Early 42,9%
4 dogwifhat WIF 75 Early 36,7%
5 THORChain RUNE 80 Early 21,8%

Across the 9520 ordinary analytical ranks, the average Bull Score was 48,4. 1 028 assets scored 75–100, while 1 577 scored below 25. YB Market Risk was Low for 8 652 assets, Medium for 452, and High for 416. These labels describe observed market stress, not investment safety.

What would weaken the reading

  • A sustained fall in equal-weight participation rather than a single weak session.
  • Deteriorating trend or breadth with unchanged headline concentration.
  • Further weakness in liquidity while reported price strength persists.
  • A shift toward higher YB Market Risk across the analytical universe.

Distribution-ready summaries

X version
YearBull detected a split beneath the market headline.

MBI 81/100 (Late Bull), +4 vs 7d.
30d breadth: 97,9%
Assets up today: 38,8%

4 original charts + data:
https://yearbull.com/yearbull-us-market-structure-weekly-2026-09-22/
LinkedIn version
YearBull US Market Structure Weekly — 22 сентября, 2026

YearBull detected a split beneath the strong headline market reading. The Market Bull Index is 81/100 in the Late Bull phase, +4 points over seven days, and capitalization-weighted 30-day breadth is 97,9%. Yet equal-weight daily participation is only 38,8%.

That combination matters: medium-term strength is broad, but the latest session is selective. Trend and breadth lead the regime; liquidity and structure remain the constraints.

See four original YearBull charts and download the underlying data:
https://yearbull.com/yearbull-us-market-structure-weekly-2026-09-22/
Email digest
Subject: YearBull found a split beneath the market headline — 22 сентября, 2026

YearBull’s Market Bull Index closed at 81/100 (Late Bull), +4 points from a week earlier. Thirty-day cap-weighted breadth is 97,9%, but only 38,8% of eligible assets advanced in the latest daily comparison.

The reading: medium-term strength is broad, while the latest session is selective. Liquidity and structure—not trend—are the main constraints.

See four original charts and download the data: https://yearbull.com/yearbull-us-market-structure-weekly-2026-09-22/

Download all chart data (CSV) Download data dictionary (CSV)

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