ABYSS Index vs Bitcoin Rainbow Chart: from color to data
The Bitcoin Rainbow Chart is iconic: it paints color bands over a logarithmic regression of BTC's price to see, at a glance, whether it's “cheap” or “expensive”. It's great as a first look, but it's price-only, BTC-only, and the bands are aesthetic, not calibrated. ABYSS applies the same idea as a number: the Risk (0–1, calibrated on each asset's price, 22 assets) plus a composite Score (0–100) for the majors, which on BTC adds our own on-chain valuation (MVRV from our node) — all with an open, versioned formula. Both are free: here you gain rigor and reach.
Side-by-side comparison
| ABYSS Index | Bitcoin Rainbow Chart | |
|---|---|---|
| Price | Core free, forever | Free |
| Positions the cycle with a number | ✓ Yes (Score 0–100 · Risk 0–1) | Color bands (qualitative) |
| Formula / calibration | ✓ Per-asset calibrated number (0–1), open formula | Public regression, but fixed-interval bands (uncalibrated) |
| On-chain data | ✓ On-chain from our own node | No (price only) |
| Asset coverage | ✓ 22 assets (BTC + major alts) | BTC only |
| Public backtest | ✓ Published point-in-time backtest (no look-ahead) | Not published |
| At-a-glance readability | Score + color zones | Very intuitive (iconic) |
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
Where the Rainbow Chart is better: it's iconic, understood in a second, and perfect as a first contact or to explain the cycle to a newcomer. If you just want a quick snapshot of BTC, it more than does the job. ABYSS is its rigorous version: a 0–1 Risk calibrated for 22 assets plus a composite Score with own on-chain (on BTC), with the formula in plain sight.
Frequently asked questions
Is the ABYSS Risk like the Rainbow Chart?
They share the goal —placing the cycle— but the Rainbow is qualitative (colors over price), while the ABYSS Risk is a 0-to-1 number calibrated on each asset's history, for 22 assets (not just BTC); separately, the ABYSS Score adds other components (sentiment, momentum, trend, derivatives, macro) for the majors and, on BTC, our own on-chain valuation (MVRV).
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 87 assets (free) →How the ABYSS Risk is computed →See all comparisons →