Market Update

Why Gold’s Quiet Breakout Could Spark Bitcoin’s Next Move

Options markets are flashing extreme signals, with Ethereum volatility priced at one of the widest spreads to Bitcoin in years. At the same time, gold is creeping toward a breakout as U.S. debt issuance explodes—an underappreciated macro theme Bitcoin could soon mirror.

Market Update

10x Derivatives Edge: Bitcoin Volatility/Options Play

Bitcoin’s options market is flashing signals that traders can’t afford to ignore. Implied volatility has risen above realized volatility, skew has flipped sharply bearish, and the term structure points to heightened uncertainty into September.

Market Update

The Famous Bitcoin Liquidity Signal Is Failing—Here’s the Replacement

Many traders still rely on broad liquidity and cycle analysis to forecast Bitcoin’s price. But, as in November 2021, they are learning the hard way that the framework for analyzing Bitcoin profitably has shifted temporarily.

Market Update

Korean Billions Pumping Bitmine, Ethereum, and Circle

Need a buyer for an obscure MicroStrategy preferred share with no dividends, or for a leveraged Ethereum ETF? No problem—you’ll find them in Korea. Billions are flowing not just into Bitcoin, but into Circle, Bitmine, and Ethereum-linked equities—often with more force than into Tesla or NVIDIA.

Market Update

$200,000 Bitcoin? The Math Says Otherwise

Consensus targets remain sky-high, but the gap between market expectations and what the data shows is widening. Beneath the surface, on-chain flows reveal a critical shift in behavior that could decide whether this cycle extends or falters.

Market Update

Powell Suggests Driving Backwards as $1 Trillion Disappears

If the Fed is driving by the rear-view mirror, what happens when the road ahead suddenly bends? The answer may determine not just the next move in bonds and equities, but whether Bitcoin becomes the only true North Star.

Market Update

10x Weekly Crypto Kickoff - $112K BTC Battleground, Bulls Eye Upside, NVIDIA Earnings

Ethereum Futures open interest increased by $200 million to $40.1 billion. The Ethereum funding rate decreased by -2.7% this week to 8.2%, which is in the 39th percentile of the last twelve months. Futures open interest increased by $3100 million to $34.1 billion.

Trading Signals

New Signal -> based upon 8/10 observations

See details inside.

Trading Signals

New Signal -> based upon 8/10 observations

See details inside.

Trading Signals

New Signal -> based upon 8/10 observations

See details inside.

Trading Strategy

Crypto Stocks: Understand What is Moving in the Market and Why.

Our regression analysis shows MicroStrategy trading at a 15% discount relative to Bitcoin, even as its net asset value still commands a 1.3x premium. With Bitcoin trading below its 30-day moving average, the short-term trend remains bearish.

Trading Strategy

Bitcoin Chart Book - Most Important Daily, Weekly, Monthly Charts

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Trading Strategy

Ethereum Chart Book - Most Important Daily, Weekly, Monthly Charts

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Trading Strategy

Bitcoin Accumulation or Distribution? A notable shift in daily flows

Many observers fixate on abstract liquidity proxies like money supply, or on the obvious flows from Bitcoin ETFs and MicroStrategy’s regular purchase announcements. These constant buy-side headlines fuel the bullish narrative. But the proper driver of price lies in the balance between buyers and sellers—and after 16 years, there is no shortage of long-term holders willing to sell at current levels.