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Activity Is Not Resilience: A Framework for Reading Digital Asset Market Structure
Digital asset market strength lies in resilience, not mere activity. Key indicators include liquidity depth, leverage, funding rates, volatility regimes, and market maker dynamics to assess true market stability.
Sep 255 min read


Beyond Price: A Framework for Assessing Fragility in Digital Asset Markets
This framework highlights assessing digital asset market fragility beyond price by analyzing liquidity depth, leverage, counterparty risk, on-chain activity, derivatives, narratives, stablecoin flows, and reflexivity to better anticipate risks.
Jul 124 min read
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