Category: Market Notes

Funding is back to firmly positive and open interest is climbing while spot volume lags — a market pushed by leverage, not conviction. We have taken a little off two satellite positions that ran hard and moved the proceeds to the reserve. Nothing dramatic; just staying honest about risk.

We are seeing early signs of capital rotating from the majors into higher-beta names — the classic late-cycle pattern. We are letting our satellite sleeve run but tightening our mental stops and refusing to raise position sizes into strength. Rotations like this end faster than they begin.

Order books are thinner than usual and moves in both directions are being exaggerated by low volume. We read thin-liquidity spikes as noise, not signal, and we do not chase them. The model portfolio is unchanged this week; the reserve stays dry.

BigCoin Advisory is a small, independent research desk covering digital assets for long-term investors. We publish a weekly market note, plain-English explainers, and the reasoning behind our model portfolio. We take no paid placements and we hold the assets we write about. None of this is financial advice — size every decision to your own situation and risk tolerance.