Transparent composite — every input is shown above. Each component normalizes to 0–100 via empirical-extreme thresholds, then weighted-averaged. 0 = sellers exhausted (often buy zone); 100 = longs crowded (often fade zone). Sources: HL metaAndAssetCtxs · OI archive · OKX liq archive · whale archive. Coinglass's index is paywalled and opaque; ours is free and auditable.