One BTC is Always One BTC

The only thing that actually matters in a flat tape: what returns you should realistically expect, in what denomination... and the three doors you're choosing between whether you know it or not.

250 DEAD CHARTS

Last week I clicked through 250-plus Binance coins one by one... just to see, where we are at. What I saw was a bottom flatline. A trading setup.

The Clock and The Coin

New pros keep walking in the door. Tired teams keep walking out. In between sits a 100K test account, a three-month mercy, and a selection game that runs on far more variance than anyone wants to admit.

NO ONE IS COMING TO SAVE YOU

Mid-summer. Consolidation everywhere... And not just in price. The industry itself is consolidating. Here's what that actually means, and why the way out is narrower than you think.

THE WALL CAME DOWN

A Drop In The Ocean

Why the smartest money you'll ever compete with hasn't even arrived yet — and where the next edge is hiding while crypto sits in the corner

The Volatility You Asked For

The market is finally giving teams something to work with. It is also handing out the worst months of their lives.

The Quant Who Does Not Need You

The universe of quant teams keeps refreshing all the time, and the best ones are not the ones you can find.

When Quants Capitulate

Retail had theirs. Now the quants are having ours.

Staying In The Game Long Enough

Why The Last 18 Months Matter Less Than The Last Three

The Illusion of Deep Database

Why Large Trading Teams Database in Your CRM Is Illusion

If I Were Starting Today

Post-Paris Reflections on Banks, Bear Markets, and the Case for Building a Fund of Funds