Podcast Episodes
Back to SearchMarket Underwater: Adjusted NUPL Below Zero for Six Weeks
Episode 211
The market has remained in unrealized loss territory for six weeks. STH moved underwater first and were also the first to begin recovering, while the…
2 months, 3 weeks ago
Open Interest Falls 12% in 24 Hours: The Market Is Shedding Leverage
Episode 210
The price decline is accompanied by a sustained reduction in open interest and a weakening pressure index. At this point, it looks more like position…
2 months, 3 weeks ago
STHs are buying the dip like in February: seller pressure is easing
Episode 209
Buying pressure is once again outweighing selling pressure at the lows, repeating the February pattern, while price is holding near the Cost Basis of…
3 months ago
The rally attempt failed: sellers pushed Bitcoin lower again with $92.7M in sell pressure
Episode 208
This brief explains why initiative in futures still remains with sellers despite a local rebound attempt. Cumulative buy delta is shrinking quickly, …
3 months ago
The Fuel is running out: Stablecoin Market Cap has shrunk by $3 Billion
Episode 207
A brief on how stablecoin inflows - the main fuel of the crypto market - have dried up over the past two months. The logic is simple: without fresh d…
3 months ago
Strategy Sells 3,588 BTC, but Price holds near $63K
Episode 206
The first major net BTC sale by Strategy in several years and the futures market's reaction to the announcement. The sale was driven by obligations, …
3 months ago
Leverage demand has recovered: futures are trading above spot for the first time in a month
Episode 205
The futures market has turned toward greater willingness to take risk: the gap between futures and spot has moved back into positive territory, and t…
3 months ago
Bitcoin Bottom 2026? First BUY Since Nov 2022, Not Confirmed
Episode 204
This brief covers the first BUY signal in a long time from Net UTXO Supply Ratio and whether the Supply in Loss metric confirms the start of the fina…
3 months, 1 week ago
Buyers are pushing the price higher, but without open interest growth the bounce is stalling
Episode 203
A brief on why the current bounce looks fragile. The logic is simple: buyers are pressing the market aggressively, but without growth in open interes…
3 months, 1 week ago
Exchange Inflows are 50% above February, SOPR is Holding Below 1.0
Episode 202
The current drawdown looks heavier than February's: exchange inflows have increased, while SOPR below 1.0 shows that the market is realizing losses o…
3 months, 1 week ago