Derivatives
Liquidation Cascades: Why Crypto Dumps So Fast (and Who Gets Wiped Out)
How a 6% Bitcoin drop wiped out $1B+ in leveraged bets: what a liquidation is, why one triggers the next, and how to read the scary headline numbers.
Crypto research, minus the hype
Crypto, explained with logic.
How Bitcoin works, how funding rates and liquidations move markets, and what really happened in crypto’s biggest collapses. Clear explanations, worked examples and a source for every claim.
Explore by topic
Five hubs, each built around a cornerstone guide.
01BasicsCore concepts every crypto reader needs, explained from first principles.Coming soon →02Bitcoin Deep DivesHow Bitcoin actually works: cryptography, upgrades and security.Coming soon →03DerivativesFutures, options and funding rates, with the math and the risks.2 articles →04Case FilesWhat really happened in crypto’s biggest collapses, and what they teach.Coming soon →05Market ExplainersWhy the market moved, explained with data instead of predictions.Coming soon →
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New explainers and case files.
Derivatives
YieldMax ETFs Explained: Where the 50% Yields Come From (and What They Actually Returned)
How YieldMax option-income ETFs like TSLY, MSTY and CONY pay 30-90% yields, why the yield isn't your return, and what the most-traded funds earned last year.
A source for every claim
Numbers, dates and rules link to primary sources: exchange docs, filings, court records, raw data.
No price targets. Ever.
We explain mechanisms and trade-offs. We never tell you what to buy, sell or hold.
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Every article shows when it was published and last updated, and data carries an “as of” date.