Market structure, liquidity, narratives, and practical crypto research without the hype cycle.
2 articles
Studies consistently show that most retail traders in crypto markets lose money relative to simply buying and holding. The reasons aren't mysterious — they're well-documented in behavioral finance. Understanding them doesn't automatically fix them, but it's the starting point.
May 17 · 5 min read
Bitcoin's fourth halving happened in April 2024, cutting the block reward from 6.25 to 3.125 BTC. The event was well-telegraphed, heavily anticipated, and still managed to surprise people. Here's what the data shows and what long-term holders should actually think about.
May 17 · 5 min read
The Greadly Letter
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