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10 pieces

Research

Every post here is a measurement, not a take. The source API and the exact window are named at the bottom of each one. If you pull the same data and get something else, I want to hear about it.

research

Bitcoin, Ether and Solana all left their range. The odds for the week ahead

The odds each one comes back to the ceiling it just cleared, reaches its 100-week average, and closes above either, rerun on today price.

34% to 67%the same claim about 82,300, one day and one 4% session later
bitcoinethereumsolana
research

Touching is not holding

Bitcoin reaches the top of its range in 81% of simulated weeks and closes above it in 34%. Three coins, three boxes, and the odds of leaving them, from a bootstrap rather than an arrow.

81% vs 34%odds BTC reaches 82,300 against closing above it
bitcoinethereumsolana
trade log

The trigger was the weak part

Seven days ago I posted three conditions instead of a forecast. Both edges of the box produced a daily close outside it, and not one target printed. The box was two ATRs wide.

0.16 ATRhow far past the edge the trigger closes actually got
methodbitcoinethereum
research

There are two prices for Bitcoin at $100,000

History says a 28% gain from here happens inside 98 days about 42% of the time. Deribit prices that same move at 7.8%. The gap is the trade.

42% vs 7.8%history vs options, 100k by Christmas
optionsbitcoinprobability
research

Covered calls on Bitcoin sell the only part that pays

Seven years of Binance daily bars, a monthly covered call simulated three ways. Buy and hold returns 7.90x. The friendliest version of the option strategy returns 0.29x.

0.29x vs 7.90xcovered call vs hold, 7 years
optionsbacktestbitcoin
research

Stablecoins are basically two chains

Ethereum and Tron hold 79% of all stablecoin float. Everything else, including the chains with the loudest conference slides, is fighting over a fifth of it.

79%Ethereum + Tron share of all stablecoin float
stablecoinsonchain
research

What the tokenized stock exemption takes back

The SEC granted onchain equity venues a five-year pass on exchange registration. Read the conditions and the pass is a definition: a tokenized share has to be a share.

5 yearshow long the relief lasts before it expires
regulationtokenizationmarket-structure
research

Funding rate carry is mostly gone

Seven years of Binance BTCUSDT funding, every one of the 7,689 settlements. The trade paid 30.6% in 2021 and 2.82% in 2026.

30.6% → 2.82%annualized funding carry, 2021 vs 2026
fundingbacktestyield
research

The FOMC reversal is a drop thing, not a Fed thing

93 scheduled decisions since 2015 against 3,452 days with no Fed meeting. Bitcoin bounces less after FOMC drops than after ordinary ones.

49% vs 57%five-day bounce rate, FOMC vs ordinary
macrobacktestfomc
research

What the CLARITY vote actually priced

Bitcoin fell 3.38% the night cloture failed. Almost none of it was the bill. The arithmetic closes to the decimal.

1.42%the part of the move that was actually the bill
macroregulationattribution
news
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