Our view on gold

Gold has been undergoing a correction since the beginning of the year, and the pressure on it shows no signs of easing. From a fundamental standpoint, gold appears strong, and a bullish trend is evident; however, near-term pressure on precious metals persists, driving prices lower. We set out to determine what to expect next regarding gold prices and which scenarios are most likely to unfold in the coming months. Especially it is important to understand the consequences of rate hike if it is going to be applied next Wednesday.

Crypto Cycle is Bottoming

Bitcoin remains in deep value after five months below key investor cost bases. Long-term holder capitulation is accelerating while ETF flows stay negative. Derivatives have de-risked but the options surface retains a defensive tilt. The bottoming process is advancing, but not yet complete.

As we wrote previously, second leg down took place in June, as we believe this month may have a rally relief, however at the end of summer into fall we may have the final leg lower which will bring the true bottom of the cycle.

Where are we in crypto Cycle

Bitcoin appears to have completed its 2023–2025 market cycle and entered a late-cycle digestion phase similar to mid-2019. Liquidity, participation, and on-chain dynamics suggest that rallies are more likely to be tactical than the start of a new sustained bull market. This article evaluates directional risk and regime conditions for Bitcoin and major crypto assets. It does not attempt to forecast short-term price movements, identify precise cycle lows, or predict policy decisions. Its purpose is to assess whether current conditions favor capital preservation or capital deployment.

Crackup Boom or Global Melt-up

A crack-up boom is an extreme economic scenario where hyperinflation and currency devaluation spiral out of control, leading to a frenzied rush to spend money before it loses all value. Now economy is not in this phase, however some trends and features are already present. How can we hedge ourselves against this phenomenon and how close we are to such scenario?

This article tires to examine the notion and provide some guidelines on how to preserve wealth and keep up with inflation trying to get ahead of inflation and currency devaluation.

Liquidity maps and how to use them in Crypto

In the fast-paced world of cryptocurrency trading, understanding market dynamics can be the key to making informed decisions. Among the array of tools available to traders, liquidity maps have emerged as a sophisticated visual aid that can demystify complex market behaviors. A liquidity map provides a snapshot of where the market might find significant buying or selling pressure, often highlighting zones where large numbers of leveraged positions could be liquidated. This tool is particularly useful in the crypto market, where volatility is high and price movements can be swift and unpredictable.

Mechanics of Liquidity Pools in Crypto