Structure before signals
SwapHunt studies liquidity, behavior, and structural patterns inside crypto markets. The goal is not prediction. The goal is to understand why markets move the way they do.
Reading markets instead of predicting them.
If you're trying to understand how markets actually behave:
Start here if you want to see how structure plays out in real markets.
What MEV Really Costs: How Sandwich Attacks Extract Value From Your Trades
MEV sandwich attacks don't just add friction to DeFi trades - they extract measurable value by exploiting transaction ordering and slippage tolerance before your trade even confirms.
Read article →Articles
If you want to see the ideas applied in real markets, start here.
Long-form observations on market structure, trading psychology, and behavior patterns. Written to explain, not to persuade.
Browse articles →Frameworks
If you're new, this is where the model starts.
SwapHunt is built around a simple idea: make the same decision the same way every time. Context over conclusions, structure over noise.
Read about the approach →Latest articles
If you're browsing, these are recent notes:
What MEV Really Costs: How Sandwich Attacks Extract Value From Your Trades
MEV sandwich attacks don't just add friction to DeFi trades - they extract measurable value by exploiting transaction ordering and slippage tolerance before your trade even confirms.
~2 min readDaily Note · 5 Sep: ETF Buying Absorbed a Payrolls Shock
A strong payrolls print pushed Bitcoin below $80,000, but the pullback stayed shallow while ETF inflows kept climbing - a structural mismatch worth naming.
~2 min readDaily Note · 4 Sep: Flow Returned, Conviction Didn't
Bitcoin cleared $81,000 as privacy coins led a broad rally and ETF inflows hit their highest since January - but the structure underneath the move told a more divided story.
~7 min readWhat Happens When Token Unlocks Hit Exchanges: Supply Shocks and Price Cascades
Token unlocks only become market-moving once the newly vested supply reaches exchange order books - this article breaks down the mechanical chain from unlock to cascade.
~2 min readDaily Note · 3 Sep: Dollar Weakness, Flows Diverged
A softer dollar lifted crypto broadly, but ETF flows quietly rotated away from ETH and XRP just as global funds cut their dollar hedges to decade lows.
~2 min readDaily Note · 2 Sep: Position Cutting, Not Panic
The last 24 hours showed coordinated de-risking rather than panic: BTC and ETH fell in tandem on hawkish Fed signaling while a Japanese treasury narrowed its book toward Bitcoin alone.
SwapHunt evolves quietly.
Most readers don’t read this once.
They return to it over time.
The weekly note
One note a week on where structure and sentiment diverge. No signals, no shilling.