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Taking Profit

Executive SummaryBitcoin prices have pulled back -15.4% from the new $73k ATH, reaching as low as $61k. This price action aligns very closely with the prior…

Ethereum’s Dencun Upgrade

Executive SummaryThe Dencun Upgrade on Ethereum introduces new data storage capacities, aimed at reducing fee costs of its Layer-2 scaling solutions.The…

Moving Out On The Risk Curve

Executive SummarySince October last year, our Altseason Momentum Indicator has flagged a growing appetite from investors to move capital further out on the…

Approaching Supply Discovery

Executive SummaryLong-Term Holders have spend approximately 300k BTC since their supply peaked in Nov 2023. Just over half of these reflect GBTC outflow…

Assessing Risk in a Bitcoin Bull

Executive SummaryIn this article, we introduce a new Risk Assessment framework which utilizes a suite of core on-chain instruments covering both Short-Term…

Digesting the GBTC Overhang

Executive SummaryBitcoin price performance since the 2022 lows shows striking similarity to prior cycles, albeit recovering somewhat slower, but in a more…