This scan carries a genuine, expected split basis, not a data problem: the nine coins are priced as of the 2026-09-05 (Saturday) bar because crypto trades weekends, while the spot ETFs and crypto equities are priced as of the 2026-09-04 (Friday) close — the last session before the weekend. Read as a risk-appetite gauge rather than a trading signal, this cycle shows a real divergence across that date split: 9 of the 11 spot-ETF and crypto-equity names closed red on Friday (all four ETFs — IBIT, GBTC, ETHE, BITO — plus five of seven equities), computed directly from crypto.json, while all nine coins printed flat-to-green on Saturday's bar (median change1d +0.71%, computed from the same file) — a Friday risk-off session in the equity-market-hours crypto proxies sitting ahead of a firmer weekend tape in the coins themselves. The bigger structural story sits in the crypto-equity cohort: MSTR, MARA, CLSK, and BITO all crossed back above their 200-day averages this cycle, upgrading MSTR's regime from downtrend to pullback (vs-SMA200 +2.7%, was -9.7%), MARA's and CLSK's from collapse to pullback (MARA vs-SMA200 +3.6%, was -2.8%; CLSK +1.3%, was -7%), and BITO's from downtrend to up (+3.4%, was -0.5%). DOGE popped +12.5% on the weekend bar — the largest single-name move in this scan — crossing back above its own 200-day (vs-SMA200 +2.4%, was -9.5%); this desk's DOGE news receipt was fetched 2026-09-04, before this specific move, so no post-move check is available and the cause is unresolved. RIOT and HOOD both extended sharply — RIOT's 7-day print reached +14.85%, one-year to +65.65% (was +37.61%); HOOD's one-year flipped to a solidly positive +18.66% from a barely-positive +0.55%. Every coin's one-year return stays negative (BTC -30.94%, ETH -46.67%, SOL -57.31%, XRP -53.47%, ADA -76.4%, DOGE -67.86%, AVAX -74.57%, DOT -79.17%, LINK -51.02%) — the equity-side recovery has not repaired a year of coin-side underperformance.

All ETF and equity entries carry the 2026-09-04 settled session. All coin entries carry a 2026-09-05 bar — this split is expected (crypto trades weekends) and is labeled throughout, not a data-quality flag. Source: crypto. Prior scan: 2026-08-28-crypto-scan (2026-08-28 close, uniform basis).

BTC's own 7-day print (+1.86%) sits inside the same broad range as most alts this cycle — SOL -2.80%, ADA +5.00%, DOGE 0%, AVAX +2.32%, DOT +5.88%, LINK +3.14%, ETH +0.02%, XRP +0.71% — with no clean alt-season rotation visible on the week. On the one-year window, BTC's -30.94% deficit remains the shallowest in the entire coin tier by a wide margin, even as it widened slightly from -28.57% as the trailing window rolled forward. Every alt still underperforms BTC by a wide margin over the past year (DOT -79.17%, ADA -76.4%, AVAX -74.57%, DOGE -67.86%, SOL -57.31%, XRP -53.47%, LINK -51.02%, ETH -46.67%). SOL is the coin that deteriorated most on the one-year window this cycle (-48.47%→-57.31%), while ADA, AVAX, and DOT all narrowed their 200-day gaps even though their one-year deficits stayed among the widest in the tier — a split between short-term repair and still-deep long-term damage.

All four spot-BTC/ETH proxies (IBIT, GBTC, ETHE, BITO) improved on both their one-year deficit and their 200-day cushion this cycle, with BITO's the most consequential change — its regime upgraded from downtrend to up as vs-SMA200 crossed from -0.5% to +3.4%. ETHE cooled out of parabolic (RSI 76.1 → 67.1) while its long-horizon fields kept improving, the same "cooling from an extreme without breaking trend" pattern the desk tracks elsewhere in this scan. As in prior scans, this JSON carries no independent flow data — the ETF layer remains a pure price-tracking proxy, and Friday's uniform ~-2.4% one-day move across all four (IBIT -2.42%, GBTC -2.39%, ETHE -2.42%, BITO -2.45%) reads as the ETF wrapper tracking its underlying coin's Friday session in lockstep, not an independent signal.

The miner cohort improved broadly this cycle, and two names crossed real structural lines. MARA ($11.31, RSI 52.4) crossed back above its 200-day (vs-SMA200 +3.6%, was -2.8%) and its regime upgraded from collapse to pullback, with its one-year deficit narrowing to -25.15% from -33.15%. This desk's news pull for MARA (fetched 2026-09-04, ok, not stale) attributes recent strength to "regulatory optimism and Bitcoin's rebound" — a macro-linked, sourced context for the move, not a name-specific catalyst. CLSK ($12.69, RSI 51.4) shows the identical pattern — crossed back above its 200-day (+1.3%, was -7%), regime upgraded to pullback, one-year now +39.76% (was +22.09%). RIOT ($21.80, RSI 55.5) didn't cross a regime line but extended sharply — 7-day +14.85%, one-year +65.65% (was +37.61%), the strongest one-year print in the entire miner cohort. BITQ ($26.62, RSI 60) extended further, one-year +35.13% (was +21.47%). All four miners retain their golden cross, and all four now carry positive one-year returns well ahead of anything in the coin tier itself — the miners' long-horizon picture stays structurally different from the coins they mine, and this cycle that gap widened in the miners' favor.

The two bellwethers diverged this cycle. MSTR ($142.80, RSI 66.2, 7D +12.08%) crossed back above its 200-day (vs-SMA200 +2.7%, was -9.7%) and its regime upgraded from downtrend to pullback — a genuine structural improvement, with one-year deficit narrowing to -56.41% from -62.43%. COIN ($184.64, RSI 56.4, 7D +3.35%) improved more modestly, its 200-day gap narrowing to -4.2% from -8.6% but staying below the line, regime still downtrend. This desk checked both names' news receipts this session (both fetched 2026-09-04, ok, not stale) — neither surfaces a name-specific catalyst for the week's move; MSTR's pull carries only aggregator quote pages and a routine institutional-holder filing notice, and COIN's carries only quote pages and an old earnings-report link. Both remain death-crossed on the long-run signal and deeply negative on the one-year window despite this cycle's improvement.

Support shelves on record this scan: BTC $76,286.39, ETH $2,388.57, SOL $88.53, AVAX $6.32, LINK $8.95, IBIT $40.15, GBTC $55.13, ETHE $18.50, BITO $8.69, MSTR $134.95, COIN $177.47, MARA $10.51, RIOT $21.30, CLSK $12.23, BITQ $24.98, HOOD $118.10 — XRP, ADA, DOGE, and DOT still carry no support shelf on record. MSTR's price ($142.80) sits within roughly 6% of its own shelf, and RIOT's ($21.80) sits within about 2% of its shelf — the two names in this scan trading closest to a recorded support level. DOT's -81.52% and ADA's -77.89% off their 52-week highs remain the widest drawdowns in the coin tier.

No coin, ETF, or equity in this universe is oversold this scan — the RSI floor across the entire universe is MARA at 51.4 — and nothing is extended into the euphoric readings flagged in earlier cycles either; the ceiling this scan is LINK and IBIT/GBTC/ETHE in the mid-to-upper 60s. Read purely as a risk-appetite gauge, the genuine divergence this cycle — a red Friday across every spot ETF and most crypto equities, against a green-to-flat Saturday coin bar — is itself the signal worth carrying forward: it does not resolve cleanly into either "risk-on" or "risk-off," and conflating the two sessions into one same-day read would manufacture a false signal in either direction. DOGE's isolated +12.5% pop, with no sourced driver available before this scan's cutoff, is the one reading that stands out as genuinely anomalous rather than part of the broader pattern.

• Tape data (price/RSI/SMA/returns/regime/1-year change/vs 200-day): pre-computed summary — crypto; ETFs/equities as-of the 2026-09-04 settled session; coins as-of the 2026-09-05 bar (expected weekend split, not staleness).
• Friday red/green breadth (9 of 11 ETF+equity names red; 9 of 9 coins flat-to-green): computed directly from crypto.json this session.
• MARA news check: latest (fetched 2026-09-04, ok, not stale) — attributes recent strength to "regulatory optimism and Bitcoin's rebound."
• MSTR/COIN news check: latest and latest (both fetched 2026-09-04, ok, not stale) — neither surfaces a name-specific catalyst.
• DOGE news check: latest (fetched 2026-09-04, ok, not stale) — fetch predates the weekend-bar move; no post-move check available.
• Prior scan for comparison: 2026-08-28-crypto-scan (2026-08-28 close, uniform basis).