{
  "metadati": {
    "licenza": "CC BY 4.0",
    "licenza_url": "https://creativecommons.org/licenses/by/4.0/",
    "attribuzione": "Luca Valente",
    "nota_licenza_fonti": "CC BY 4.0 applies to the original compilation and editorial work by Luca Valente. Underlying third-party data retain their source terms, including Coin Metrics CC BY-NC 4.0 where indicated; this export does not replace those terms.",
    "fonte": "DefiLlama (fees, token breakdown of value locked); Binance (open interest, funding); CoinGecko (prices, market value); CoinGecko categories (token families, 9 Oct 2026)",
    "fonti": [
      "DefiLlama (fees, token breakdown of value locked)",
      "Binance (open interest, funding)",
      "CoinGecko (prices, market value)",
      "CoinGecko categories (token families, 9 Oct 2026)"
    ],
    "sorgente": "dati/cruscotti/fund_vs_pos/latest.json",
    "data": "2026-10-08"
  },
  "dati": {
    "nome": "fund_vs_pos",
    "titolo": "Fundamentals vs Positioning",
    "data": "2026-10-08",
    "dati_fino_a": {
      "livelli": "2026-10-08",
      "somme": "2026-10-07"
    },
    "parola": null,
    "da_quando": null,
    "pronto_dal": "2026-12-04",
    "rodaggio": true,
    "blocchi": [
      {
        "id": "quadranti",
        "titolo": "Four quadrants by token family, 30 days",
        "assi": {
          "x": "Fees, change over 30 days",
          "y": "Open interest, change over 30 days"
        },
        "punti": [
          {
            "etichetta": "AI and compute",
            "x": 0.7553,
            "y": 0.7573
          },
          {
            "etichetta": "DeFi",
            "x": 0.0501,
            "y": 0.2391
          },
          {
            "etichetta": "Other chains",
            "x": 0.1154,
            "y": 0.0964
          }
        ],
        "conteggi": {
          "rising use, rising positioning": 3
        },
        "nota": "inside a band of 5% on either axis a family is not placed in a quadrant; open interest history by token is shorter than 90 days until 2026-12-04"
      },
      {
        "id": "famiglie",
        "titolo": "By token family",
        "tabella": {
          "colonne": [
            "Family",
            "Tokens",
            "Tokens with a fee series",
            "Fees, change 30d",
            "Net deposits in units, 30d (usd)",
            "Net deposits, share of starting value",
            "Open interest, change 30d",
            "Median token price change 30d",
            "Funding, yearly rate",
            "Quadrant"
          ],
          "righe": [
            [
              "AI and compute",
              11,
              3,
              0.7553,
              null,
              null,
              0.7573,
              0.344,
              0.0429,
              "rising use, rising positioning"
            ],
            [
              "Bitcoin and Ether",
              2,
              2,
              0.4157,
              null,
              null,
              0.0018,
              0.0442,
              0.0417,
              "flat on one axis"
            ],
            [
              "DeFi",
              16,
              7,
              0.0501,
              -362354769,
              -0.0178,
              0.2391,
              0.1584,
              0.1144,
              "rising use, rising positioning"
            ],
            [
              "Memecoins",
              5,
              0,
              null,
              null,
              null,
              -0.1761,
              0.0231,
              0.0949,
              "not placed: fewer than two fee series"
            ],
            [
              "Other chains",
              34,
              29,
              0.1154,
              null,
              null,
              0.0964,
              0.1469,
              0.0333,
              "rising use, rising positioning"
            ],
            [
              "Other tokens",
              8,
              0,
              null,
              null,
              null,
              0.1546,
              0.1438,
              0.1337,
              "not placed: fewer than two fee series"
            ]
          ]
        },
        "nota": "Memecoins and AI and compute are public CoinGecko categories, as downloaded on 9 Oct 2026; the tokens are those with data on the day and 30 days earlier, the same set as in Leverage & Crowding Regime; families with fewer than two fee series, or with less than $1M of fees in the 30 days before, have no use axis"
      }
    ],
    "frasi": [
      {
        "id": "insieme",
        "testo": "3 of 3 token families showed rising use and rising positioning over 30 days",
        "modello": "cruscotti.fund_vs_pos.insieme",
        "contratto": "contratto",
        "numeri": {
          "famiglie": 3,
          "famiglie_nei_quadranti": 3
        },
        "misura": "fund_vs_pos",
        "finestra_giorni": 30,
        "base": 3,
        "base_minima": 3,
        "cancello": "passa"
      },
      {
        "id": "divergenza",
        "testo": "0 of 3 token families showed rising positioning with falling use over 30 days",
        "modello": "cruscotti.fund_vs_pos.divergenza",
        "contratto": "contratto",
        "numeri": {
          "famiglie": 0,
          "famiglie_nei_quadranti": 3
        },
        "misura": "fund_vs_pos",
        "finestra_giorni": 30,
        "base": 3,
        "base_minima": 3,
        "cancello": "passa"
      },
      {
        "id": "divergenza_inversa",
        "testo": "0 of 3 token families showed rising use with falling positioning over 30 days",
        "modello": "cruscotti.fund_vs_pos.divergenza_inversa",
        "contratto": "contratto",
        "numeri": {
          "famiglie": 0,
          "famiglie_nei_quadranti": 3
        },
        "misura": "fund_vs_pos",
        "finestra_giorni": 30,
        "base": 3,
        "base_minima": 3,
        "cancello": "passa"
      }
    ],
    "fonti": [
      "DefiLlama (fees, token breakdown of value locked)",
      "Binance (open interest, funding)",
      "CoinGecko (prices, market value)",
      "CoinGecko categories (token families, 9 Oct 2026)"
    ],
    "metodo": "use = fees summed over the family's tokens, 30 days through 2026-10-07 against the 30 days before; positioning = open interest on Binance perpetuals over the same tokens at both ends",
    "cancello": "ok",
    "cancello_nota": "gate result for the sentences: ok = at least one sentence passed; each sentence carries its own result; the values in tables and history are not certified one by one",
    "motivi": [],
    "immagini": {
      "1600x900": "immagine_2026-10-08_1600x900.png",
      "1080x1350": "immagine_2026-10-08_1080x1350.png"
    },
    "immagine_titolo": "3 of 3 token families showed rising use and rising positioning over 30 days",
    "carta_x": null,
    "immagini_problemi": 0,
    "generato_il": "2026-10-09T03:55:28Z"
  }
}