ABYSS Index
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Synthetix cycle risk (SNX)

0.09very low risk (floor)

The ABYSS Risk sums up, in a single 0-to-1 number, where SNX sits in its cycle: near 0 = historic floor (opportunity), near 1 = top (maximum risk). Same open formula as Bitcoin's, calibrated on SNX's own history.

SNX ABYSS Risk · full history
00.20.40.60.810.520202021202320252026Now ▾▼'21▲'22

▼/▲ mark the tops/bottoms of Bitcoin's cycle (market reference), not this asset's own turning points.

The 0–1 scale is per-asset (built from SNX's own history, not 1:1 with Bitcoin). Method, formula and the point-in-time backtest (no look-ahead) are explained on the main risk page — including that the scale is calibrated in-sample.

How the risk is computed →Compare all assets →