CR24 Score Analysis: 15 Weakest Majors and Risk Appetite (May 2026)

The weakest major-cap names are clustered in a CR24 score band of 22-31 versus a distribution median of 36, which indicates that current risk appetite is deteriorating in a defined pocket of majors rather than across the full large-cap universe.

That weakness is not purely a benchmark-led selloff, because SKYAI is down -25.7172%, SIREN -23.1724%, and TON -10.1228% over 24 hours while BTC 30-day realized volatility is only 1.08% and ETH 30-day realized volatility is 1.37%.

Analytically, this reads as a selective stress regime inside majors: repricing is sharp in the weakest names, but the broader tape has not yet shifted into a generalized high-volatility breakdown.

Why the weakest majors matter most

The bottom 15 CR24 major names are tightly concentrated in the 22-31 score range. At the low end, SKYAI sits at 22, while COMP and TON are at 24; SKY is at 27; MORPHO, SIREN, and SPX are at 28; and HYPE, M, and SYRUP are at 30.

For context, the CR24 distribution median is 36 across a 314-coin scored universe. That leaves the weakest cohort 5 to 14 score points below the center, which is a meaningful gap for a large-cap subset.

The market-cap mix also matters. HYPE carries a 9.20B USD market cap, while COMP is 217.75M USD and SKYAI is 446.11M USD, so the risk signal is reaching across both smaller majors and larger ones instead of being confined to one size bucket.

In plain terms, the weakest majors are not just a random tail. Structurally, the cluster suggests stress is concentrated enough to matter, but not yet broad enough to describe the whole major-cap complex.

What the drawdown mix says about stress

The weak CR24 cohort is also under clear spot pressure. SKYAI is down -25.7172% in 24 hours, SIREN is down -23.1724%, SPX is down -11.1736%, and TON is down -10.1228%.

Against that, the top-20 major universe has a median 90-day drawdown of -2.24%. That comparison places the weakest CR24 names far below the typical major-cap pullback.

In practical terms, these are not mild underperformers lagging by a small margin. They are being repriced much faster than the median major even while the broader large-cap basket remains only modestly below recent highs.

Structurally, that makes CR24 useful as a stress concentrator. It is isolating names where weakness is already materially deeper than the broader major market, which is often where risk appetite deteriorates first.

How much volatility is really in the tape?

The benchmark tape remains calm by recent standards. BTC 30-day realized volatility is 1.08% and ETH 30-day realized volatility is 1.37%, which means the weakest majors are not simply being pulled lower by a market-wide volatility expansion.

Price location tells the same story. BTC closed at 80,346 on May 14, 2026, just -1.47% below its 90-day high of 82,520, while ETH closed at 2,275, or -6.18% below its 90-day high of 2,444.79.

BTC’s 30-day path included only 1 day above 3% and 0 days above 5%. In plain language, the benchmark coin has stayed close to recent highs and has not experienced the kind of daily swings that usually define a broad market shock.

Structurally, that matters because it separates idiosyncratic stress from systemic stress. The weakest majors are under pressure, but the core tape is still trading in a relatively compressed volatility regime.

Does derivatives positioning confirm the risk ranking?

The derivatives picture is mixed, not uniformly defensive. The top-10 funding-rate average is 0.0022%, with 5 positive readings and 4 negative readings, so leverage is not leaning in one direction across the board.

There are still clear pockets of caution. DOGE is at -0.0077%, SOL at -0.0054%, SUI at -0.0033%, and ADA at -0.0001%, which aligns with softer positioning in parts of the market.

At the same time, BTC and ETH remain positive at 0.0041% and 0.0039%. In plain terms, traders are not paying for downside exposure everywhere; the largest contracts still retain a modestly constructive bias.

Structurally, that leaves the risk ranking confirmed only in part. Derivatives are validating caution in selected majors, but they are not yet confirming a wholesale risk-off unwind across the flagship contracts on Binance Futures.

Where concentration sits in market structure

Market structure remains heavily concentrated in the largest assets. BTC alone accounts for 59.89% of top-100 market cap, and the top 10 coins together account for 91.15% of top-100 market cap.

Turnover is even more concentrated. The top 10 coins take 92.25% of top-100 24-hour volume, equal to 162.82B USD.

In practical terms, most of the market’s capital and activity is still clustered in the same large names. That means weakness inside majors is developing within the core of crypto market structure, not in a fringe-liquidity corner.

Structurally, this concentration helps explain why selective stress can coexist with a relatively stable benchmark tape. The biggest coins still dominate both capitalization and trading flow, so damage in a subset of majors does not automatically translate into a full-market breakdown.

Why the news tape matters for weak majors

The news environment is active. There were 111 crypto articles on May 14 versus a 30-day average of 84.9, so narrative flow is running above its recent baseline.

Attention is still concentrated in the largest names. BTC led the 7-day mention list with 196 mentions, followed by ETH at 83 and SOL at 41.

The 7-day anomaly feed contains 200 events, including 114 price pumps and 51 price dumps. In plain language, the backdrop is noisy enough to generate both sharp stress signals and brief bursts of attention at the same time.

Structurally, that matters because weak majors are deteriorating in an environment with elevated headline flow, not in a quiet market. When attention remains anchored to BTC and ETH while anomalies multiply elsewhere, stress can build in secondary majors before it becomes obvious in the benchmarks.

What changed inside the weak cohort this week?

The label-change list shows 15 major transitions in 7 days. DYDX posted the biggest score drop at -41, while TON, SIREN, and DASH also moved from neutral into risky.

Several of the newly risky names also overlap with current anomaly or activity signals. SIREN appears both as a label changer and as a 24h volume spike at 4.48x its 30-day average, while SKYAI is both the lowest-score major and a current anomaly candidate through its -25.7172% daily move.

In plain terms, the weak cohort is not a stale ranking left behind by older market conditions. Fresh price and volume shocks are still arriving as names are being reclassified into the risky bucket.

Structurally, that overlap is the key confirmation signal. When low scores, label downgrades, volume spikes, and anomaly flags line up in the same assets, the stress reading carries more weight than any single metric on its own.

Bottom line

The central signal is overlap, not isolation. When a low-CR24 major also shows a label downgrade, a volume spike, and a fresh anomaly, the risk reading is being confirmed across multiple market dimensions rather than by one score alone.

If the next update shows that overlap fading while BTC and ETH remain quiet, the current setup would continue to look like contained stress inside majors. If the overlap expands into the largest names, the regime shifts from selective weakness toward broad market fragility.

What would change this view

The current interpretation depends on stress remaining concentrated. A different combination of volatility, concentration, and overlap would change that read.

Falsifiers

• BTC 30-day realized volatility rises above 3.0% while ETH 30-day realized volatility rises above 3.0% in the same update — would invalidate the idea that stress is still selective.
• BTC dominance falls materially while top-10 volume share drops below 90.0% and ETH/BTC reclaims rotation strength in the same week — would shift the read away from BTC-led concentration.
• The weak CR24 cohort stops overlapping with label changes, anomalies, and volume spikes for two consecutive updates — would imply the score is no longer capturing live stress.

What to watch next

The next signals to monitor are straightforward because they mark whether selective weakness is staying contained or broadening into the wider market.

Watch next

• BTC vol above 3.0% would mark a volatility regime shift.
• Top-10 volume share below 90.0% would signal breadth expansion.
• More weak majors entering anomaly lists would confirm stress broadening.

Frequently asked questions

Is CR24 score analysis showing historically weak majors right now?

Yes. In this CR24 score analysis, the weakest majors sit at 22-31 while the distribution median is 36, so they are clustered well below the center of the scored universe. That gap is large enough to separate stressed majors from the typical major-cap name, and it points to concentrated weakness rather than a universal market breakdown.

What does CR24 score analysis signal in this context?

This CR24 score analysis signals selective stress inside the major-cap set. The weak cohort includes SKYAI at 22, TON at 24, and HYPE at 30, while BTC volatility is only 1.08% and ETH volatility is 1.37%. That combination says the market is still orderly overall, but risk is clustering in specific majors.

How is CR24 score analysis calculated here?

This CR24 score analysis uses the latest CR24 Score ranking snapshots and compares the bottom 15 major-cap names with the distribution median of 36. It also cross-checks spot drawdowns, funding rates, open interest changes, news volume, and anomaly lists. The result is a multi-dimensional risk map, not just a price ranking.

When does CR24 score analysis flip from selective stress to broad risk-off?

In this CR24 score analysis, the flip point would be a simultaneous move above 3.0% in BTC and ETH 30-day realized volatility, plus weaker concentration metrics. If top-10 volume share fell below 90.0% and the weak cohort kept expanding, the read would move from contained stress to broad market fragility.

Is the weakest CR24 cohort also the most bearish in derivatives?

Not fully. In this CR24 score analysis, the top-10 funding average is still 0.0022%, with 5 positive and 4 negative readings. Some weak names do show negative funding, such as DOGE at -0.0077% and SOL at -0.0054%, but BTC at 0.0041% and ETH at 0.0039% show that leverage is not uniformly bearish.