This index measures market-implied expectations of digital asset price underperformance across the major cryptocurrency complex. It aggregates prices from the same diversified set of prediction market contracts as the corresponding appreciation index, with each constituent voting the inverse side to capture downside expectations for Bitcoin, Ethereum, Solana, and XRP. Movements in the index reflect changes in market-implied probabilities of downside realizations across the underlying assets, not directional price forecasts.
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Theoretical index level – midpoint-based, before fees, spreads, and slippage. Past performance does not guarantee future results.
Belief Global Digital Asset Depreciation Expectations Index rose 4.9% to 69.89, its highest level in the current seven-day window. Hotter-than-expected U.S. inflation data driving Fed rate hike fears — reflected in a 3.5% Nikkei plunge — likely weighed on risk appetite across digital assets.
This index measures market-implied expectations of digital asset price underperformance across the major cryptocurrency complex. It aggregates prices from the same diversified set of prediction market contracts as the corresponding appreciation index, with each constituent voting the inverse side to capture downside expectations for Bitcoin, Ethereum, Solana, and XRP. Movements in the index reflect changes in market-implied probabilities of downside realizations across the underlying assets, not directional price forecasts.
Performance data as of Oct 16, 2026. Past performance does not guarantee future results.
Contribution = weight × price: the midpoint, or the settlement value once a market resolves. Total contribution equals the raw index value.
curl -H "Authorization: Bearer $BELIEF_API_KEY" \
https://api.beliefsystems.xyz/v1/indices/DGTDWN/latestSwap /latest for /history to read the trailing 90 days at 1h or 1d. Free keys run 60 requests a minute and 2,000 a day.
Every composition change: markets added, resolved markets leaving as settlement exits, and removals. Most are made at the scheduled review, days 1–7 of each month (UTC); a change made outside that window is marked out of cycle. The level is chain-linked across every change.
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This index is provided for informational and research purposes only and does not constitute investment advice or a recommendation. Belief Systems does not operate an exchange or facilitate wagering. Index values are derived from prediction market prices, which reflect market participants' expectations rather than certainties, and are theoretical and non-executable. Past performance does not guarantee future results.