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Market Musings - Strong Summer Start Turns Sour
This market pullback continues to show the same signs of the dispersion that have been present throughout...crypto natives heavily allocated to areas outside of BTC, it is likely that we will continue to see dispersion...
12 Min
Macro & Markets
Jun 2024
Market Musings - ETF Flows Shine As BTC Flirts With Range Highs
Alts Suffer & Dispersion Continues Last week’s market flush is a small blip when looking at BTC price...Last week’s market pullback has been yet another example of the dispersion that we have seen throughout...many crypto natives heavily allocated to areas outside of BTC, it is likely that we continue to see dispersion...
9 Min
Macro & Markets
Jun 2024
Macro & Markets Mid Year Report Card
Dispersion, the supply overhang, and Hyperliquid were the standout calls in the first half.
Macro & Markets
Jul 2026
Dog Days of Summer
@davidlawant   Winners & Losers The second major theme of 2024 is market dispersion....This dispersion has served as a wake-up call for crypto markets that have grown accustomed to everything...More mature markets experience dispersion all the time — just look at the big tech stonks and the rest...The last “why dispersion” theory is retail — err, the lack thereof.
34 Min
Macro & Markets
Jul 2024
Delphi's Market Matters - June 2024
Altcoin recoveries were anything but evenly distributed, with more signs of dispersion in crypto markets...
1 Min
Macro & Markets
Jun 2024
Market Musings - Knock, Knock, Knockin’ on ATH’s Door
I have articulated this view many times in the past and why it has resulted in the performance dispersion...the next several weeks will be indicative of the market appetite and if we will continue to see the dispersion...
14 Min
Macro & Markets
Oct 2024
Market Musings - Through The Fire And Flames
...qvkmqgPtrp — 3xLiquidated 🎢 (@3xliquidated) August 7, 2024 As we noted in the Dog Days of Summer, dispersion...Was it all macro led due to the bank of japan hiking, does dispersion get even worse from here, and what...
14 Min
Macro & Markets
Aug 2024
The Year Ahead for Markets 2026
Stock Pickers Market Everything we’ve discussed until this point has contributed to an unprecedented dispersion...This is clear evidence of the crypto dispersion thesis playing out again after witnesses the “Major-Memecoin...If this dispersion of returns is set to continue, where do we look for pockets of opportunity?
71 Min
Macro & Markets
Dec 2025
Zenrock: Paving the Path in dMPC
As more blockchain platforms and protocols have emerged, assets have been dispersed across these chains...
12 Min
Cross-Chain
Feb 2025
Market Musings - A Tale of Two Markets
The theme of dispersion has transformed into the theme of decimation....The theme of dispersion has turned into decimation. Eternal chop continues.
12 Min
Macro & Markets
Sep 2024
Market Musings - Eternal Chop
Was it all macro led due to the BoJ hiking, does dispersion get even worse from here, and what’s the...
10 Min
Macro & Markets
Aug 2024
High off the Halving
...been held equal across all coins, as many alts find themselves near 2024 lows, making for quite the dispersion...
7 Min
Macro & Markets
Apr 2024
Delphi's Office Hours (6th of August, 2024)
Was it all macro led due to the bank of japan hiking, does dispersion get even worse from here, and what...I said, I think dispersion gets a lot worse from here....Like, do you think like, I guess this kind of goes to your, like this, like the dispersion thing that...He’s talked about dispersion, right. And supply overhang.
Macro & Markets
Aug 2024
Market Musings - Crypto's Apathetic Recovery
Was it all macro led due to the BoJ hiking, does dispersion get even worse from here, and what’s the...
11 Min
Macro & Markets
Aug 2024
Market Musings - No Pain, No Gain
Was it all macro led due to the BoJ hiking, does dispersion get even worse from here, and what’s the...
10 Min
Macro & Markets
Aug 2024
Market Musings - A Bad Break For Bulls... What's Next?
...liquidations finally rolling in → backwardation BTC market structure/positioning reset Altcoin – BTC intraday dispersion...
10 Min
Macro & Markets
Jul 2024
The Great Decoupling: Perception vs. Reality
There are some valid points to this argument, including the notable dispersion in performance we’ve seen...Since late June, we’ve seen correlations abate a bit as return dispersion widened.
11 Min
Global Macro Themes
Aug 2022
Overcoming The Limits of Scale in Virtual Worlds
...scale in the literal sense, as these massive-scale worlds benefit greatly from having a geographically dispersed...hundreds of thousands of players, intractable objects, and AI if they are forced to remain sparsely dispersed...
53 Min
Gaming
Aug 2024
Futures OI Leverage Ratio Indicates Deleveraging Event Yet To Occur
There are some valid points to this argument, including the notable dispersion in performance we’ve seen...
5 Min
Macro & Markets
Aug 2022
Sei Network: DeFi-Optimized Cosmos Chain
With internationally dispersed validators, it takes longer for messages to travel between them and thus...Colocation reduces latency by ~46% vs. international dispersion 50 validators is the limit before seeing...
15 Min
Orderbook
Sep 2022