Delphi Co-founder & Head of Research, Kevin Kelly, walks through the key drivers of crypto market...cycles and what’s important to pay attention to as the bull market heats up....Delphi Co-founder Kevin Kelly walks through the key drivers of crypto market cycles and what's important...to pay attention to as the bull market heats up.

...have been chaotic, but those who’ve been following our research know we’ve been gearing up for a new cycle...There’s still a lot of chatter about what really drives crypto market cycles, so much so that I decided...There’s still a lot of chatter about what really drives crypto market cyc...

Hopped on the Stacks podcast to give a rundown of crypto market cycles, liquidity, the bitcoin halving...Where do you think we are in this current cycle?

It also ties in well with the market cycle analysis we published in our latest Markets Deep Dive....Because crypto market cycles are tied to bigger macro cycles....Despite all the parabolic charts, crypto markets are quite cyclical in nature.

cycles....20:01 • Alex I would say bearish passive market-making. Definitely bearish passive market making....We want strategies that both take market outlooks and also are market neutral in the sense that they...Structured products, which are vol driven, have a lot more capability to withstand these cycles. 45:22...

...enthusiasm and speculation drive BTC to a new market cycle top....The last few crypto market cycles have followed this blueprint to a T....On the surface, crypto market cycles appear rather uniform....Each of the last three business cycles has been an excellent predictor of crypto market cycles, and we...

Last cycle, Bitcoin led the market off December 2018 lows and Bitcoin dominance (BTC.D) rose until the...Instead, NFTs ended up being the final gasp of the bull market. This cycle will be no different....The bear market cycle began once more, cleansing the market excess.

Welcome back to Market Musings, our weekly memo covering timely market happenings....Is the cycle over?  ...Some thoughts on the cycle — Holdings (@cmsholdings) February 5, 2025 At this point, I do not believe...the top is in, nor is the cycle over....Absent a catalyst to break markets out of their current range (either to the upside or downside), we’...

Where does that leave markets today?...As we mentioned in our most recent Market Musings, the current crypto cycle has suffered from dampened...So, is this the environment that will finally unleash the crypto market cycle that everyone has been...in crypto markets to continue....turned into a tale of two markets.

markets....We saw this last cycle with ETH and ETH memes and we are seeing it this cycle with SOL and SOL memes...Additionally, there are very big differences between this current cycle and cycles past; the interest...Last cycle we had stables grow from $5-$10bn market cap to nearly $200bn market cap at peak.

Market Update With L1 szn taking hold of crypto markets, DeFi coins have fallen out of favor over the...Last week, we saw yet another swift yet sharp correction in the crypto market, albeit not as extreme...takes a hold of the market....DeFi money markets are as strong as they ever have been.

Cycles is refocusing the discussion around money to the debt side....Cycles Architecture Cycles promises private, atomic, multilateral settlement....Cycles’ Obstacles to Adoption Cycles is an undeniably powerful concept, but there are a few potential...Potential Impact Cycles offers everyone the privileges of big banks.

BTC continues to track the trend of its last cycle drawdown, including its recent recovery....were also characterized by shifts in macro sentiment, specifically bottoms in the global liquidity cycle...Interestingly, the crypto market’s December 2018 bottom also coincided with the Fed’s last rate hike...of the past cycle.

The last several weeks have been nothing short of crazy in the crypto market....In the meantime, I wanted to put a few key trends on your radar given how quickly markets can change....In last Thursday’s market commentary note, we highlighted just how strong the recent rally in precious...

Alpha’s native token $ALPHA has suffered the worst drawdown among comparable money markets since May,...While most money markets are overcollateralized, Alpha uses leverage which allows it to generate fees...that Alpha’s utilization rates for longer tail assets (excluding SNX) is the highest among the money markets...

If the market were to mimic the same peak-to-trough drawdown of last cycle (~93%), the total market cap...But if this cycle follows the general path of those before it, one would expect to see markets consolidate...next bull cycle....For comparison, the current bear market cycle has lasted 50 weeks so far.

Market cycle bottoms typically share some (or all) of the following characteristics: Extremely bearish...If we do a quick eye test on the long term BTC chart (with a focus on the 2017 cycle), we can clearly...Each cycle we’ve seen a higher top for this metric, and usually price tends to start bottoming as this...