Category Research

Bitcoin’s options market has split into two very different regimes: a near-term tape that looks locked in place by dealer hedging, and a year-end s...

The derivatives market absorbed a week of falling Bitcoin price without the kind of leverage reduction that usually marks stress. Futures open inte...

Bitcoin entered the third week of September under selling pressure that tested investor resilience but fell short of sparking the sort of capitulat...

Bitcoin is caught in a strange balance. On one side, long-term holders are consistently realizing gains at elevated levels, turning years-old coins...

The DeFi market is stabilizing at $160.56 billion in TVL, but data shows a liquidity split between spot and derivatives, while collateral remains c...