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[pdf-embedder url=”http://cdn.delphidigital.io/uploads/2020/07/Macro-Bitcoin-Dominates-As-Digital-Gold-Narrative-Strengthens...-7-22-2019.pdf” title=”Macro – Bitcoin Dominates As Digital Gold Narrative Strengthens – 7 22 2019″]...The median loss for BTC in the 14 and 30 days
after such an event is 1.8% and 3%, respectively.
Report
1 Min
Macro & Markets
Jul 2019
In Comet there are 3 steps in consensus: propose, pre-commit, and commit....The more validators you have, the longer it takes to propagate data to all of them and get 2/3 to commit...Then another round “3” runs later, again committing new blocks (X3) with referenced certificates.
Report
28 Min
Layer 1 / L1
Oct 2023
🔍 Bitcoin: More Than Just Digital Gold?...A premium for Yuga’s 1/300th Ordinal is not surprising, but commanding a 3x multiple for that first spot...The buzz around Bitcoin being used as something other than digital gold has led to other players exploring...
Report
7 Min
Layer 1 / L1
Mar 2023
IMF downgraded its 2020 global growth forecast by more than 6
percentage points and now projects a 3%...Top) & 14-Day RSI & Daily MACD (Bottom)
Data as of April 15th, 2020
Source: TradingView, Coinbase
3...by more than 6 percentage points
compared to just three months ago; the new projection calls for a 3%...Gold ($/oz) vs. U.S....Gold / S&P 500 Ratio vs.
Report
Layer 1 / L1
Apr 2020
Sources: Digital Assets Data
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1 Min
Macro & Markets
Jul 2019
In this report, we dig into Bitcoin’s outlook as BTC enters back into the limelight after taking a backseat to the “summer of DeFi” craze. We unpack notable long-term indicators, exchange, and holder...
Report
1 Min
Analytics
Nov 2020
QuickTake - March 9th, 2020
Analyst
Update on 0x's v3 Upgrade - 3 Months Later
On November 30th, 2019...This QuickTake will be a concise post-launch
update now that 3 months have passed....on-chain sources (Kyber, Uniswap, Curve,
Oasis) and off-chain sources, attempts to
solve for this.
3-...
Report
Infrastructure
Mar 2020
Gold Correlation (30-Day)
GLD Price
0.6
Research
March 1st, 2019
The "Option" on Digital Gold
The...2 6
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DeFi
Mar 2019
Daily Sentiment Score (The TIE) vs. 30-Day BTC Price Change
Sources: The TIE
3
Research
October...The S&P 500 fell 3% between
Tuesday and Wednesday, marking its
second worst two-day decline this year...Gold Price vs....06/20
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Macro & Markets
Oct 2019
BTC and Gold’s Relationship
Back in 2019, BTC’s correlation to gold propelled the narrative that BTC...If BTC isn’t considered an inflation hedge — as gold is — by investors, then rising inflation could negatively...
Report
3 Min
Infrastructure
Jun 2021
...is back in the limelight following its latest price surge,
pushing its year-to-date gain over 70% (35%...JPYUSD (Blue)
Data as of February 7th, 2020
Source: TradingView, Coinbase
3
ETH Surges After Breakout...world’s
second largest crypto asset has gained more than 70% since the beginning of the year and is up 35%...
Report
DeFi
Feb 2020
BTC Price vs. 50 (Blue) & 100-Day MAs (Green)
Sources: Coinbase, TradingView
3
Research
January...2019, which,
coupled with an 18% rise in gold
prices, increased total AUM for
the group by 37% (in USD...0
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DeFi
Jan 2020
Chart of The Day: UST is Now a Top 3 Stablecoin
UST’s growth has been remarkable in 2022, expanding...It now has an estimated market cap of >$600M, almost similar to Azuki which launched 3 months ago....through inflation, it has some drawbacks, namely:
SOL is locked and requires a cooldown period of 2-3...
Report
6 Min
Stablecoins
Apr 2022
To mitigate the issues at hand, over the weekend the Balancer community proposed and pushed through 3...Post-proposal early results: The proposals have been viewed favorably by the market with the price of BAL up 32%...
Report
2 Min
AMM
Jul 2020
TLDR
3 months ago, I published “Bitcoin vs Gold: Positioning for the Next Relative Cycle” with a simple...But gold is now at ~$4,700, down 16% from that ATH. What happened?
3 things converged.
1....real headwinds for a non-yielding asset.
3....led BTC by roughly 3-4 months.
Alpha Insight
14 Min
Macro & Markets
May 2026
DeFi Dungeons ran an open presale ($3M raised) for a token and then charged another $300 to mint a collection...terms, those NFTs have dropped from around $450 to $160, and the token’s valuation has fallen from $30m...moment of regret (again) after the sale concluded and they were acknowledged by the Base ecosystem page...
Alpha Insight
5 Min
Gaming
May 2025
Current Setup
The BTC/Gold 1W 9/21 EMA chart is lining up for a potential downside cross....If gold continues to hold its gains into the September FOMC, the EMAs could formally cross down around...A proportional replay would imply about 70% upside in the BTC/Gold ratio, taking it from the current...level near 31 to around 53.
Alpha Insight
3 Min
Macro & Markets
Sep 2025
Gold corrects from current levels ($5,100 as of today) after a parabolic run up of 30% in just the first...Scenario 3: Both Rally, BTC Outperforms on Beta
Likelihood: Moderate
Both assets catch a bid, gold on...A 30% BTC rally paired with a 10% gold rally still produces significant outperformance on the ratio.
Alpha Insight
10 Min
Global Macro Themes
Mar 2026
The Data
Across BTC/Gold’s historical record, there have been 8 downside crosses....63% in 2018–2019, –57% in February 2020, and –68% in 2022–2023 were also the most prolonged, lasting 392...Correction
If the current cross mirrors the shallower pullbacks seen in earlier cycles (cases 1 through 3...
Alpha Insight
6 Min
Macro & Markets
Oct 2025
...data points coming: GDP growth, core PCE, ISM manufacturing, PMI, and early April non-farm payrolls
Gold...continues to surge, breaking $3,000/oz for the first time ever, indicating market uncertainty
US dollar...complicating US debt refinancing situation
Equity Markets
S&P 500 and Nasdaq showing a decent bounce (3-...
Alpha Insight
3 Min
Macro & Markets
Mar 2025



















