Bitcoin has (briefly) slipped below $80,000, but the price move is only part of the story. Over the past week, something has shifted across almost every corner of the market we track, from flows and sector leadership to the factors that have driven returns all year. In the options market, large traders made a decisive move on one day and have been repositioning ever since; the strikes and expiries they chose say a lot about what they expect next.
Most investors are still watching the price. The data below tells a different story. In this week’s kickoff, we break down the market structure, show what smart money is doing, and lay out exactly how we think portfolio managers should be positioned for the weeks ahead.
Our Sunday/Monday kickoff covers the data behind this week’s market structure, flows, and positioning. It also covers the macro backdrop and the technical levels that could change the picture over the coming days. The report is built on data and our interpretation, and it is meant to prepare you for the week ahead.
Crypto Market Cap (LHS, $trn) vs. Trading Volumes (RHS, $bn)
