Stablecoins
Research
DeFi looks vast with $160B in TVL but capital concentrates in a handful of protocols
Stablecoins and perpetual markets are keeping the system liquid, even as most collateral remains concentrated in a few lending and staking layers.
Research
Bitcoin longs bleed 1% daily as BTC leverage persists, price drifts sideways
Funding costs pile up yet leverage stays near $40B open interest, raising risk.
Solana
Solana dips 6.5% then trims losses to $236
Buyers stepped in at $232 and pushed SOL back toward $236 within minutes.
ETFs
Bitcoin ETFs lock $2.3B in inflows as BTC steadies above $115K
ETF investors poured nearly $2.3 billion into Bitcoin exposure as BTC traded in a tight band above $115,000.
Research
Something unusual is building in $9.81 billion of Bitcoin futures flows and it could break either way
Bitcoin futures data shows traders adding leverage, but most aggressive orders have come from sellers, leaving price under pressure.
DeFi
Why Solana plunged 9% just as Wall Street funds circled $2.25 billion
Solana fell from $206 to $187 even as Pantera prepared a massive fundraise targeting its ecosystem.
Research
The hidden signal in Bitcoin’s 439k daily transactions and falling big trades
Price moves have outpaced on-chain transfer value, pointing to concentrated buyers or off-chain settlement.
ETFs
Six-day outflow streak hits Bitcoin ETFs, ETH turns positive
Nearly $1.3 billion left Bitcoin ETFs last week, as Ethereum funds saw $625 million in new demand.
Derivatives
$642M in longs wiped out as Bitcoin drops to lowest price since July
A relatively modest price drawdown forced one of the largest long wipeouts in weeks.
Bitcoin
Bitcoin treasury companies: Hedge or house of cards?
Companies now hold over 5% of Bitcoin's supply, turning their balance sheets into high-stakes bets on digital gold.
Research
Bitcoin SOPR shows consistent profit realization despite price pullback
SOPR data confirms spending has consistently occurred in profit, with short-term holders straddling the breakeven line.
Bitcoin
Why Bitcoin’s realized cap spiked as price fell to $112k
Older low-basis coins moved, lifting realized cap as spot price dropped.