DEEP DIVES
Go deeper than the headline.
Longer explanations of the mechanisms, measurements and assumptions behind a market view.
Explainer
Before you trust a Bitcoin liquidity chart
Two lines can tell a persuasive story. The work begins when we ask how those lines were constructed—and whether the story survives a different period.
Read the deep dive →ExplainerMarket cap is not money flowing into Bitcoin
A large increase in market value sounds like a large cash inflow. The arithmetic behind market capitalization shows why those statements are not equivalent.
Read the deep dive →