How capital moves, rotates, and behaves across crypto markets, market cycles, and onchain ecosystems.
In June 2017, Larva Labs released 10,000 CryptoPunks on the Ethereum blockchain and gave them away for free. Every one was claimed within hours. Then, in March 2021, Christie’s sold a digital artwork for $69.3 million. That price ranked third-highest among works ever sold at auction by a living artist. By 2023, 95% of all
NFTs: CryptoPunks, $69M Hype, and the Great Reckoning Read More »
Prediction markets beat many polls in the 2024 US election. An analysis of Polymarket, Kalshi, regulation, and forecasting markets. Prediction markets are one of the oldest ideas in finance. People reveal what they know by betting on an outcome. Market prices then estimate the probability of that outcome. The idea existed centuries before modern financial
Prediction Markets: How They Went Mainstream Read More »
Retail vs. institutional on-chain behavior explains how on-chain metrics track accumulation, distribution, and Bitcoin market cycles. Every Bitcoin price move has two sides: someone is selling, and someone else is buying. The blockchain records both. However, price charts cannot tell the difference between a $500 retail purchase and a $50 million institutional accumulation. As a
How to Decode Retail vs. Institutional On-Chain Behavior Read More »
In 2017, Bitcoin’s dominance fell from 86% to 38% over six months. Ethereum rose from $8 to $1,400, while XRP climbed from $0.006 to $3.84. In 2021, Solana rallied from $1.60 to $250. Across every major cycle, altcoin seasons have followed the same pattern of capital rotation. Every serious participant in crypto markets has heard
The Truth About Altcoin Seasons Read More »
Bear markets don’t feel like opportunity: that’s precisely why they are. Crypto bear market psychology explained through history. In December 2018, Bitcoin was trading near $3,122. It had fallen 84% from its December 2017 peak of $19,783. The mainstream media had returned to publishing Bitcoin obituaries. The forums where people had predicted a $100,000 Bitcoin
Crypto Bear Market Psychology: The Truth About Bottoms Read More »
Memecoins grew from an internet joke into a $150B crypto market before losing most of their value. See what fueled the boom and the collapse. Jackson Palmer was a product manager at Adobe in Sydney, while Billy Markus worked as a software engineer at IBM in Portland. The two had never met in person. In
Memecoins Explained: The Stunning Growth of a $150B Market Read More »
Euphoria doesn’t feel dangerous until it’s too late. Here is how a crypto bull run unfolds and what on-chain data showed before major Bitcoin tops. In November 2021, a friend called to ask how to buy Bitcoin. Before then, he had never owned any cryptocurrency. For the previous three years, he told anyone who would
How to Spot a Crypto Bull Run Top Using On-chain Data Read More »