Crypto market cap change decomposition

Is a rise in market cap driven by price moves or by a change in implied supply?

Macro, FX and crypto assets MAC-038 Waterfall Sample

Sample data. Every number, symbol and holding on these pages is generated sample data dated 2026-10-16, used only to illustrate layout and method for educational and informational purposes. It is not market data, backtest output or a forecast, and the analytics described in the specifications are not running.

Download CSV Sample JSON Specification JSON Sample as of

0700.HK Tencent Holdings | Hang Seng Index | 2025-10-16 – 2026-10-16 | HKD

Highest item: Alignment residual
0.94 percentage points
Lowest item: Price effect
-9.04 percentage points
Average
-2.31 percentage points
Number of items
4 items

Main chart: log market cap change decomposition (percentage points), by source of change

Log market cap change decomposition (percentage points) (Waterfall)

Supporting chart: change in price and implied circulating supply

Change in price and implied circulating supply (Bar)

Detail: data rows, observation dates and missing-value status for the crypto market cap change decomposition

Log market cap change decomposition (percentage points) and Change in price and implied circulating supply (Table)

Sample data rows

Source of changeLog market cap change decomposition (percentage points)Change in price and implied circulating supplyData date (sample)
Price effect -9.04 520.15 2026-10-16
Implied supply effect -0.59 537.22 2026-10-16
Total market cap change -0.56 464.46 2026-10-16
Alignment residual 0.94 598.38 2026-10-16
Total -9.25 2120.21 2026-10-16