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