Overview
A move rarely has a single cause. These articles look at supply, macro, leverage and structural events together, and show which layers are usually working at the same time during one move.
Leverage
Open interest, funding rates, liquidation cascades and sentiment gauges. This layer does not create direction, it scales the size of a move — several days of range inside a few minutes is usually this.
Events
How one-off events — halvings, ETF access, regulation, platform failures — reach the price, and why a fully expected event often carries no new information by the time it lands.
Method
What to check first when everything drops, how to recognise an explanation that explains nothing, and whether candlestick charts are worth your time. Method, not commentary on one particular day.
Three more categories currently hold a single article each and have no page of their own: L1 Supply, L2 Macro and S Getting started. They sit alongside the rest in all articles — the colour bar and code at the top of every article is its category.