Lumber is down 35% since crypto started trading it
After crypto speculators flocked to a momentum trade of lumber in 2021, a check on the current price reveals the folly of crowd psychology.
Results for Markets
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‘Dear God’: Japan’s borrowing costs hit 30-year high
As 30-year Japanese bond yields reached their highest level in decades, a market data vendor gasped at the government’s cost to borrow.
The slow-motion ‘bank run’ in private credit
Crypto has exacerbated the problems of private credit, extending leverage and rehypothecation risk across increasingly risky loan books.
How bombing Iran shifted oil and bitcoin prices
The price of oil relative to BTC during key news events might be one of the most interesting chart studies of the Iran war.
Bitcoin outperforms gold and oil in first days of US-Iran war
Curiously, BTC has demonstrated relative strength among trillion-dollar assets since the onset of the Iran war.
US margin debt reached all-time highs as crypto lost $2 trillion
Crypto markets have been penalized with downside volatility amid historic levels of US margin debt relative to income.
Billions in crypto liquidated as bitcoin crashes to $82,000
BTC's price fell to $82K today during one of crypto's worst months since the catastrophic crash of Terra/Luna in 2022.
Wintermute’s post-mortem ignored the biggest issues with Friday’s crash
Traders tried to blame Wintermute for suspicious deposits during Friday’s crypto market crash, but its CEO would have none of it.
$600B gone in 30 minutes — inside crypto’s fastest-ever flash crash
Donald Trump threatened to renew a tariff war with China on Friday, and the news briefly spooked $600M out of crypto valuations.
Solana futures are so mispriced, arbitrageurs are earning 23% yields
Solana futures are mispriced to such a degree that arbitrageurs are looking at double-digit USD yields on properly timed hedges.