XRP at $1.36: Holding the Floor While the Market Deleverages
XRP trades at $1.36 with the broader crypto market in extreme fear. Support is holding - but only just - as Bitcoin weakness and sector-wide deleveraging keep the pressure on.
Articles
Long-form thinking on markets, systems, and behavior. Written to explain, not to persuade.
How Macro Events Affect Crypto: Correlation vs Causation
Macro events get blamed for every crypto move. But correlation isn't causation, and the difference changes how you read FOMC days and CPI prints.
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Spot ETFs bled over $2.26 billion across two weeks as Bitcoin fell below $75K - a sequence that reveals how positioning shifted well before the price made it obvious.
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Daily Note · 20 May: Positioning Moved Before Sentiment Did
BTC recovered above $77K while derivatives traders pulled back - but Bitfinex longs hit a 2.5-year high during the same slide. Conviction and sentiment are pointing in opposite directions.
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Daily Note · 19 May: Flows Split Before Price Did
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