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.
Daily Note · 7 Oct: Leverage Broke Before Spot Did
A $550M liquidation wave did most of the damage while spot Bitcoin ETFs kept buying. The fast clock broke, and the slow one did not.
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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.
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SwapHunt is built around a simple idea: make the same decision the same way every time. Context over conclusions, structure over noise.
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If you're browsing, these are recent notes:
Daily Note · 7 Oct: Leverage Broke Before Spot Did
A $550M liquidation wave did most of the damage while spot Bitcoin ETFs kept buying. The fast clock broke, and the slow one did not.
~10 min readHow Liquidation Levels Cluster and Create Cascade Zones
Leveraged positions tend to share the same entry zones and leverage tiers, so their liquidation prices stack up in narrow bands. These liquidation clusters turn ordinary price moves into cascades.
~2 min readDaily Note · 6 Oct: Calm Price, Loaded Wallets
Bitcoin barely moved, but ETF flows, exchange reserves and stablecoin balances all shifted underneath. The adjustment is happening in the plumbing, not in price.
~2 min readDaily Note · 5 Oct: Bitcoin Held as Dollar Climbed
A stronger dollar pressed on bitcoin all day without moving it. The more interesting change came from institutions reworking how bitcoin is held and settled.
~2 min readDaily Note · 4 Oct: Price Held, Participants Shifted
Price barely moved in the last 24 hours, but who is leaning in and who is stepping back did. A sovereign reduced Bitcoin exposure while institutions kept building rails.
~9 min readXRP Holds $1.50 as a Weekly Pullback Tests a Two-Week Advance
XRP trades at $1.50 after a 2.62% weekly pullback, still up 8.61% over two weeks. Our weekly analysis maps the $1.38–$1.42 support zone, the $1.62–$1.65 ceiling and what $1 billion in daily volume says about participation.
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.