BTC Flow Dashboard (Spot Premium + OI + Funding)

It builds a single flows dashboard that shows whether real spot demand (fiat buyers) or leveraged perps (futures traders) are driving BTC, and then cross-checks that with Open Interest (OI) and funding pressure—all normalized so you can spot regime shifts and squeeze risk fast.

How to read it (practical playbook)

Continuation (healthier trend)

Price ↑, premium > 0 and rising, oiZ ≥ 0 → spot sponsoring the move; perps chase → add on pullbacks.

Leverage-led & vulnerable

Price ↑, premium < 0, fundZ > 0 (expensive longs) → crowding → fade extensions / expect sharp pullbacks.

Buyable dip / absorption

Price ↓, premium ≥ 0 (spot supporting), oiZ flat/down, fundZ ≤ 0 → selling looks weak → scale into reversals.

Exhaustion / mean reversion

premZ ≥ +2 after a run → flows unusually hot → take profits / tighten risk.

premZ ≤ −2 into key support → capitulation risk but also bounce setups if OI/funding aren’t pressuring.