Price action is the headline, but the story lives in the flows: derivatives positioning, ETF inflows, on-chain settlement volume and relative strength against BTC and ETH. Each edition combines a weekly snapshot (price, flows, positioning, levels) with the monthly structural review — a decomposition of price drivers into ETF, stablecoin, macro and regulatory factors, plus scenario analysis and key levels.
Weekly snapshot plus month-to-date review: the four price drivers (ETF flows at $340M, RLUSD at $1.28B, macro tailwind, regulatory de-risking), derivatives at $1.94B OI with benign funding, three straight weeks of relative-strength gains vs BTC and ETH, September scenarios and the levels that define them.