Price action, spot and derivatives flow, ETF activity, and institutional positioning across digital assets.
MarketsThe annualised spread between spot and quarterly futures has fallen below the cost of funding, forcing leveraged carry desks to close positions they had held since spring.
MarketsWeekly reporting shows a durable shift in wealth-advisor allocation, even as secondary market turnover falls from its launch-period peak.
Positioning data shows a market planning for 2027 rather than trading the week, with June expiries now the single largest concentration of open contracts.
An analysis of the latest reporting season shows treasury allocations spreading well beyond technology, into logistics, insurance and regional banking.
A thin order book and clustered leverage produced one of the sharpest intraday unwinds of the quarter.
Liquidity metrics have improved through the seasonal lull, a reversal of the pattern that defined every previous August in the asset's listed history.
