Aug 21, 2026
Weekly letter · The blowoff isn't the top — but the flows say something is breaking

Reading ETF prints, funding, and stablecoin caps together — and why the tape is louder than the price.

Market letter Crypto
Aug 05, 2026
Q3 cycle map · what I'm long, short, and quietly watching

Position-level walk through the current book. What earned its weight this quarter, what didn't, and what I'm sizing into next.

Report Portfolio
Jul 18, 2026
SOL, the L1 attention curve, and what "graduation" actually costs

Twelve months of on-chain flows mapped to price. Where the reflexivity ends and the fundamentals start carrying weight.

Deep dive Solana
Jul 02, 2026
Notes on holding through: why the boring middle is where the money is

A short essay on the tuition I paid for holding through the SOL run — and why "boring" is the tell.

Essay
Jun 26, 2026
Weekly letter · Rate cuts, the crypto beta, and the trap under the surface

Why the cleanest macro tailwind of the cycle came with the sneakiest crowding risk. Where I trimmed, where I added.

Market letter
Jun 10, 2026
AI infra basket · picking through the picks-and-shovels

Ranking eight tokens and three equities on unit economics, capex exposure, and honest revenue.

Deep dive AI
May 30, 2026
Q2 cycle map · the trim schedule that saved a leg

End-of-Q2 review. What worked, what got clipped, and the one position I keep almost cutting.

Report
Apr 22, 2026
A short defense of doing nothing

The best trades of the year were the ones I didn't take. The uncomfortable case for cash as a position.

Essay
Mar 14, 2026
L2 scaling — who's actually earning fees, and who's just present

Six-week study of L2 revenue quality. The names that earned a slot in the book, and the ones that didn't.

Deep dive
Feb 08, 2026
Weekly letter · Vol regime shift, and how the sizing model responded

How I read the vol move, how the position sizing rule handled it automatically, and what I overrode manually.

Market letter
Jan 12, 2026
Cycle recap · 2024–2025 · what actually worked

Two-year retrospective. The trades, the drawdowns, the setups that survived, and the ones I retired.

Report
Dec 04, 2025
On finishing strong — end-of-year positioning notes

How I set the book up for a rangebound December without cutting the winners early.

Essay