Market analysis, product updates, and trading strategies from the Blockcircle team.
The stocks board showed turnover of 1.30 K on its third-best name at capture. Working the participation arithmetic backwards caps that sleeve in the hundreds of thousands, and liquidity weighting only saves it by deleting the signal.
The same signal can look mediocre or spectacular depending on how you size the bets. Here is how to separate the edge in the signal from the math of compounding.
Total stablecoin supply is a sum across exchange balances, DeFi collateral and idle wallets, and only the first can bid this week. The split decides what a rising line means.
The opening range breakout is simple to state and hard to trade. Here are the exact rules for stocks, how I anchor it in 24/7 crypto, and the filters that skip the chop days.
A token can trade on six venues and still have one regulator standing behind every unit of its depth. Building the venue-to-jurisdiction map the ledger does not give you, and writing a limit that binds.
Most of a protocol's TVL is often rented with token emissions and leaves the day rewards drop. Here is how to split organic deposits from paid ones and price the token accordingly.
Most solo traders keep exchange keys in a config file that follows the code around. Here is how to move to something that survives a public push and a bad day.
Long-VIX products bleed to zero in calm markets because of the futures curve they have to keep buying. Here is how to quantify the drag and size a tail hedge that survives it.
Subtract the Last column from today and you get a dormancy gap. Subtract that gap from Tenure and one Finder row turns from 4.7 trades a day into 30, which is a completely different wallet.
Compounding a 3-4% staking yield on ETH over a decade sounds free. It isn't. Here is how I weigh the yield against income tax on receipt, depeg risk, and lockups, by account type.
Below a certain leverage the equity stops behaving like a claim on cash flows and starts behaving like a call struck at the face value of the debt. The structural framing changes the fair value, the sizing rule and what gets said in review.