Curve Wars Part 2: The Kingmaker of DeFi Convex

Curve wars

In part 1, we went over Curve Finance and what makes it so attractive to investors. In this article, we will explore a relatively new addition to the Curve ecosystem called Convex Finance. Convex Finance developed a protocol specifically for CRV staking. Since staking on Curve requires long lock-up times, Convex allows stakers to unstake … Read more

How to Trade Cryptocurrency Crashes in 2022

CRYPTO_MARKET_TANK_WHAT_TO_EXPECT

After yesterdays hawkish FED, the crypto market continued to drop sharply below $43,000. The good thing about being a trader as opposed to a hodler is we can be versatile around what the market wants to do and make money whether it goes up or down. Bitcoin was stuck in a range of about $46k … Read more

Bitcoin Hash Ribbon: Miner Capitulation & Recovery

Bitcoin: Hash Ribbon

In this short article we will be discussing the Bitcoin Hash Ribbon. This metric is specifically good at identifying great buying opportunities after large drawdowns in the Bitcoin price. It tracks miner capitulation as mining becomes unprofitable overall. Hash Ribbon uses a 30 day and 60 day moving average for the Bitcoin hash rate. When … Read more

Bitcoin Issuance & The Puell Multiple

Bitcoin: Puell Multiple

We have observed a handful of metrics that have been reliable to identify tops and bottoms in Bitcoin Cycles. The Puell Multiple can be added to that list. Using The Puell Multiple, we can analyze the supply side, Bitcoin issuance. Everyday new Bitcoins are being released onto the network via mining. Those Bitcoins are first … Read more

How To Easily Explain Bitcoin To A Newbie

Explaining Bitcoin as a non-sovereign, permissionless, hard-capped supply, global, immutable, decentralized, digital store of value can go way over peoples heads. It takes time learning about Bitcoin to understand why these characteristics matter. That’s why I’ve adopted a new approach to explaining Bitcoin when people ask me about it. I got this concept from Raoul … Read more

Bitcoin: Coin Years Destroyed Explained

Bitcoin: Supply-Adjusted Coin Years Destroyed

In a previous article on Reserve Risk, we spoke about Bitcoin Days Destroyed (also known as Coin Days Destroyed). Bitcoin Days Destroyed (BDD) is the amount of days erased from a UTXO once that Bitcoin has been moved to another address. Coins that have been in the same address for a long period of time and … Read more

Using Open Interest & Funding Rates To Swing Trade Crypto

Bitcoin: Futures Open Interest (Current)

In our Cryptostreet Bootcamp we discuss open interest and funding rates in detail and how to use them to swing trade the crypto market. Future Open Interest Bitcoin open interest is the total number of outstanding Bitcoin derivative contracts, such as options or futures that have not been settled. When it comes to futures, we … Read more

Breakdown: Market Value to Realized Value Ratio (MVRV)

Bitcoin: MVRV Z-Score

If you’re a frequent reader of this blog then you’re already familiar with Realized Cap. If you’re new then I suggest reading our article on Realized Cap. I will give a brief description in order to better explain MVRV. When calculating the value of a market like Bitcoin, most investors will use Market Cap which … Read more