The Cowen-style “Risk Metric”, free and open: ABYSS Risk
Many people look for Benjamin Cowen's “Risk Metric” without paying the subscription. The ABYSS Risk is a 0-to-1 cycle risk with the same logic —how close price is to its historic floor or top—, but with a published formula, for 22 assets, and live. It is not affiliated with Into The Cryptoverse; it's our own, transparent implementation.
Side-by-side comparison
| ABYSS Index | Risk Metric (Benjamin Cowen) | |
|---|---|---|
| Access | ✓ Core free, forever | Paid subscription |
| 0–1 cycle scale | Yes | Yes |
| Formula and constants | ✓ Open, versioned formula | Not fully published |
| Coverage | ✓ 22 assets (BTC + major alts) | BTC + alts (plan-dependent) |
| Out-of-sample backtest | ✓ Published out-of-sample backtest | Explained on video |
| Widget/image to cite | ✓ Yes, redistributable | No |
BTC cycle risk (0–1) at the real market turns, taken from OUR own historical series.
Near tops risk was high; near bottoms, low. In-sample scale (uses the full history); read it alongside other indicators, not as a crystal ball.
In fairness
To be fair: the original Risk Metric comes with Into The Cryptoverse's context and community, which add education and analysis a number alone doesn't. ABYSS gives you the number, the formula and the free data; the judgment is always yours.
Frequently asked questions
Is it affiliated with Benjamin Cowen or Into The Cryptoverse?
No. ABYSS Index is an independent project. We reference his Risk Metric only because it popularized the 0–1 cycle-risk concept.
How is the ABYSS Risk computed?
It's a min-max normalization of the log distance of price to its 2-year average, adjusted for time. The methodology and constants are published on the indicator page.
Is this financial advice?
No. ABYSS Index provides information and historical context for educational purposes; it is not financial advice. This comparison is factual and for informational purposes.
See the risk of all 22 assets (free) →How the ABYSS Risk is computed →See all comparisons →