Topics

Evergreen guides to the archive

Each topic page explains one recurring question in plain language and links every letter that works on it, newest first. Start with the theme you came for.

Bitcoin's Four-Year Cycle in 2026: Is It Still Working?

Every prior Bitcoin bear market bottomed about a year after its cycle top. This page collects the letter's work on whether 2026 is rhyming with that history or breaking it.

9 letters

How Low Can Bitcoin Go? 2026 Crash and Bottom Scenarios

Viral posts call for $38k or $28k Bitcoin. The letter puts each crash call on trial: what the tape shows, what it would take, and how much weight it deserves.

12 letters

Bitcoin ETF Flows, Open Interest and Funding: Reading the Demand Tape

ETF creations show cash demand. Open interest and funding show borrowed demand. The letter reads both to tell a healthy move from a squeeze that can reverse.

18 letters

Bitcoin and Macro: The Fed, Treasury Yields, the Yen Carry Trade and Liquidity

Rate hikes, a 5% ten-year, a thirty-year high in Japanese yields and a ripping yen. The letter tests which macro channels actually reach Bitcoin and which are stories.

24 letters

Bitcoin Support and Resistance Levels: The Map From $38k to $87k

The letter maps Bitcoin as a ladder of levels. Each one is a door: a daily close through it changes the odds, a wick through it does not.

25 letters

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