How to read the Onchain score in two minutes

The whole point of the Onchain score is that you should not need a dashboard full of charts to get the gist. One number does the summarising. But the number is more useful once you know what is underneath it, so here is the two minute version.

Start with the gauge

The gauge is the model in a single reading from zero to one hundred. Sixty and above leans bullish, forty and below leans bearish, around fifty is genuinely undecided. It is built to use the full range rather than hug the middle, so when it moves, the move means something. Next to it sits a confidence figure, which is really a measure of how much the individual metrics agree with each other. A high score with low agreement is a weaker signal than the number alone suggests.

Then scan the metrics

Each metric shows a z score, which is just how far it sits from its own normal. Green leans bullish, red leans bearish. This is the why behind the headline. If the score is bullish, you can see in seconds whether that is coming from flows, valuation, network activity, or the derivatives side. A score built on many quiet agreements is sturdier than one carried by a single extreme reading.

Respect the What Happened Next panel

This is the part I would not skip. It takes the score's history, splits it into independent windows, and shows what each range of the score actually preceded. It also shows the current call, fixed at the start of the window so you can track it honestly rather than moving the goalposts every day. If a range historically led to weak returns, believe that more than the story you want to tell yourself.

What to ignore

Ignore single day twitches. Ignore the gauge if confidence is low and the metrics are fighting each other. And never treat the number as an instruction. It is a lens for framing your own decision, built to be honest about how much edge it does and does not have. Used that way, two minutes with it is worth more than an hour of scrolling charts.