Bitcoin is liquidity’s mirror but with leverage.

I’ve been thinking a lot about how Bitcoin behaves across macro regimes, and I keep coming back to one core view:

👉 BTC is the cleanest, most reflexive asset for tracking liquidity in the system.

It doesn’t care about earnings, geopolitics, or narratives. When capital starts flowing, it

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First of all, huge shoutout to RedPhone who should be credited with most of the following alpha: https://x.com/redphonecrypto

What is OYL and Alkanes?

• OYL is a Bitcoin focused stack whose wallet, infrastructure, and upcoming AMM enable fully permission-less trading and tokenization on Bitcoin Layer 1. Alkanes is the name of the meta

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With the recent Initia mainnet launch, we’ve asked Delphi Oracle (our AI Assistant) to revisit the original report.

As a reminder, Delphi Oracle provides an interactive experience across all report pages, helping you dig deeper into our analysis. Here’s the Oracle’s summary of the Initia report:

Appchains Have Struggled Thus Far

• Appchai

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On Tuesday at 8pm GMT+8, Tencent put on its annual Spark showcase, where it highlighted a bunch of new games the tech giant is involved with.

I watched the 4hr stream on WeChat, and although there was no talk about Web3, I wanted to highlight some of my standout picks and share some key takeaways that I believe apply to all game business

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Yesterday, a new policy by Solana foundation was unveiled, which addresses an issue unknown to normies, but important on the question of decentralization.

When the network started its journey, it had to bootstrap validator set for its security. Running high performance nodes for Solana requires higher capital as expected, due to – hardw

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Been tracking the TOTAL3 chart (total crypto market cap excluding BTC and ETH), and there’s a structural setup forming that looks very familiar.

TLDR:

• Altcoin market is following a similar consolidation pattern to the mid-2024 breakout setup

• Key technicals: 200 EMA, RSI base, BBWP compression, Fib structure – are all aligned

• Early J

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The net flows into Bitcoin ETFs approached $1B yesterday ($912.7M for exactness), which was the largest inflow seen since January 17, 2025.

We’ve been recording seismic activity in our Top Signal for a few weeks now, and are now seeing the price of BTC react to the upside.

As I highlighted the other day in another AF post, the alignment

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A week ago I wrote an AF on Metaplex and how they stood to make $6m or so in SOL due to the resize deadline.

A new proposal is up that would instead send 90% back to users and the DAO keeping 10%. It does seem like the community is on board to pass this. On the one hand they will lose out on an expected 50k or so SOL, on the other hand th

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Introducing the Hope Metric (HM) – a real-time sentiment framework I’ve been building to track the emotional regime behind crypto markets, with a focus on Bitcoin.

What started as a personal research project to better understand when sentiment and price diverge has evolved into a structured tool for identifying mispricings and narrative

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Noise is one of the more fun and sticky apps I’ve used in crypto in a while.

At first glance, it might look like a way to get beta exposure to MegaETH.  But in my opinion, it could be much more than that. It’s not another perp DEX farming its “users” through points campaigns and fake volume, or a crypto app forcing novelty for novelty’s s

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