Briefing
The Floor Is the Whole Trade. Extended Read, 9 June.
The extended read: the levels, the positioning, the on-chain signal. $60k is the whole trade.
Latest
Research
Is Greed a Sell Signal? What the Data Actually Says
We backtested the greed extreme. The answer surprised us.
Research
Macro Is Driving, Crypto Is Just Steering
Bitcoin broke $60K because liquidity left, not because crypto broke.
Research
Does Extreme Fear Actually Pay?
We backtested every Extreme Fear signal since 2018.
Research
The ETH/BTC Ratio Is Not a Dip. It Is a Verdict.
Holding ETH over BTC cost you roughly 20 points this year.
Research
Leverage Got Flushed and Nobody Noticed the Cleanup
Open interest at six-month lows is fuel, not weakness.
Research
The L2 Fee War Is Over and TVL Is the Scoreboard
Throughput is solved, so capital decides the winners.
Research
Tokenized Treasuries Are the Real Stablecoin Trade
The yield-bearing layer is eating the dollar rails.
Research
Hyperliquid Owns the Perp Order Book Now
One venue is clearing more perps than every chain combined.
Research
The ETF Bid Is Conditional, Not Permanent
Spot ETF flows just proved they cut both ways.
Research
The Quiet Winner: Why Stablecoins Are Crypto’s Real Product
While tokens bleed, stablecoins quietly hit $320B.
Research
Bitcoin Stopped Pretending to Be Digital Gold
This drawdown is a macro trade, not a thesis break.