📅 Editions: September 25, 2026 LATEST September 24, 2026 September 23, 2026 September 22, 2026 September 21, 2026 September 20, 2026

⏱️ Published: September 22, 2026 • 18:00 EDT (15:00 PDT) • US Market Close Edition • Self-recorded live journal

🗓️ September 22, 2026 • Institutional Research Briefing

Institutional Outlook September 22, 2026: Macro and Quantitative Market Summary

BTC Live Spot

$86,191

ETH Live Spot

$2,747

Market Sentiment

78 (Extreme Greed)

Deribit Put/Call

0.56 (Bullish)

📌 Executive Synthesis:

On September 22, 2026, Bitcoin trades at $86,191, demonstrating momentum with a 7d gain of +14.1% and a 30d gain of +10.9%. The asset sits -0.4% below its 90d high and +22.0% above its 200d average, accompanied by 30d realised volatility of 42.8%. Broader spot markets reflect ETH at $2,747 and SOL at $118.09, while market sentiment registers a Fear & Greed index reading of 78 (Extreme Greed). Macroeconomic data shows the US Dollar Index (DXY) at 100.53 and the US 10-Year Treasury yield at 4.97%. Derivatives metrics display an annualised Deribit futures basis of 4.93% alongside an annualised perpetual funding rate of 7.53%. On-chain metrics record a Bitcoin MVRV reading of 1.62.

Chapter 1: Global Macro & Central Bank Liquidity (Free Preview) Public Access

Chapter 1: Global Macro & Central Bank Liquidity

Treasury yields, dollar index dynamics, and sovereign store-of-value appetite

Macroeconomic data indicates a US Dollar Index (DXY) level of 100.53, while the US 10-Year Treasury yield stands at 4.97%. Central-bank rates and ETF flows are unavailable today. Amid these conditions, Bitcoin trades at $86,191, positioned +22.0% above its 200d average and -0.4% from its 90d high. Major altcoins display prices of $2,747 for ETH and $118.09 for SOL. Market sentiment registers a Fear & Greed reading of 78, indicating Extreme Greed. Overall macro asset performance shows strength in crypto valuations alongside elevated long-term Treasury yields.

🌐 Cross-Asset Correlation Telemetry Matrix Shared Trading Days (Coinbase & Yahoo Finance)

Asset	30-Day Shift	90-Day	1-Year Baseline	Regime Implication
ETH (Ethereum)	+0.87	+0.89	+0.91	Moves closely with BTC
Gold (Gold futures)	+0.63	+0.51	+0.22	Moves closely with BTC
S&P500 (S&P 500)	+0.42	+0.40	+0.49	Moves loosely with BTC
Nasdaq (Nasdaq Composite)	+0.41	+0.41	+0.49	Moves loosely with BTC
DXY (US Dollar Index)	-0.41	-0.36	-0.15	Tends to move against BTC
US10Y (US 10Y yield)	-0.23	-0.19	-0.04	Little relationship

💡 Liquidity Note: Over the past 30 days BTC has moved closer to Gold futures than it did across the past year (+0.22 -> +0.63).

🔒

Unlock Chapters 2 & 3 with Pro Institutional Pass

Access the complete derivatives gamma surface, Deribit top open interest strikes, AEGIS 1H & 4H live algorithmic position telemetry, hard stops, and full institutional risk metrics.