Section
How to read the instruments: funding, open interest, options, order flow.
The practical playbook
Breakouts, failed breaks and trend pullbacks—illustrated step by step. Learn what to wait for, what makes each idea wrong, and when the best trade is no trade.
Funding, across venues
Binance, Bybit, OKX and Hyperliquid quote funding on the same perpetual and three of them print the identical number. Comparing the published rates gets the answer backwards — a live reading shows by how much.
ORDER FLOW
The same fifteen minutes of Bitcoin read +61% delta on spot and +22% on the perpetual. On NEAR, the sign flipped. A volume figure without a market attached is not a figure.
Options, explained
The strike that minimises what option writers owe is a real calculation with a real use — and it is not a price target. A live Deribit board shows why.
Order flow, explained
How to read aggression, spot a possible absorption pattern and recognize when the data cannot support the story.
The risk desk
Two worked examples show why realized payoff, costs and out-of-sample testing matter more than the percentage of winning trades.