Research
Quantitative notes on market cycles, liquidity and relative value. The emphasis is on frameworks that can be revisited as new data arrives.
Bitcoin · Cycles
The Bitcoin Cycle: Where Are We Now?
A multi-factor framework using valuation position, drawdown, volatility and cycle-normalized returns.
Read research →Liquidity
Stablecoin Supply Growth and Market Liquidity
How to interpret stablecoin supply expansion and contraction without mistaking it for direct buying pressure.
Read research →Relative Value
Understanding Bitcoin Dominance and ETH/BTC
Using two complementary relative-strength measures to study where crypto performance is concentrating.
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