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Research, market commentary, and analysis from the Caladan team.
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The Caladan Weekly | The Yen Carry Trade That Broke Bitcoin 3 Times (And Why the 4th May Be Different)

Derek Lim
·
Dec 17, 2025
Weekly

The Caladan Weekly | Strategy Has Real Problems. A Death Spiral Isn't One of Them

Derek Lim
·
Dec 10, 2025
Weekly

The Caladan Weekly | Why The Road Ahead for BTC Isn’t as Bleak as it Looks: Macro, Structure, and the Path Forward

Derek Lim
·
Dec 3, 2025
Weekly

The Caladan Weekly | How Washington Accidentally Made Crypto Too Important to Kill

Derek Lim
·
Nov 26, 2025
Weekly

The Caladan Weekly | Liquidity: The Primary Driver of Crypto Markets

Derek Lim
·
Nov 19, 2025
Weekly

The Caladan Weekly | The Arithmetic Trap: Why Most Investors Optimize for the Wrong Number

Derek Lim
·
Nov 12, 2025
Weekly

The Caladan Weekly | x402 and the Micropayment Revolution: What Markets Seem to be Pricing Wrong

Derek Lim
·
Nov 5, 2025
Weekly

The Caladan Weekly | The 2021 Redux Myth: Why Bitcoin's Next Move Likely Won't Mirror the Past

Derek Lim
·
Oct 29, 2025
Data Analysis
Industry Analysis

Report: The Ten Commandments of Liquidity Incentives

Derek Lim
·
Oct 23, 2025
Data Analysis
Weekly

Crypto's Largest Crash: What Happened, Why It Happened, and What the Data Says Comes Next

Derek Lim
·
Oct 14, 2025
Data Analysis
Industry Analysis

Layer3: Web3의 시장 심리 측정 방식을 다시 정의하다

Derek Lim
·
Oct 14, 2025
Data Analysis
Industry Analysis

Layer3 | The Information Asymmetry Crisis: Rethinking How We Measure Sentiment in Web3

Derek Lim
·
Oct 14, 2025