Market Structure

XRP’s early‑2026 jump — driven by spot ETF inflows and regulatory shifts — raises a key question: can ETF capital and a friendlier policy mix deliver a lasting market‑share gain? This article breaks down mechanics, on‑chain supply, and scenarios for sustainability.

A tactical look at macro and market-structure signals — Fed repo injections, record spot‑ETF outflows, >$2.2B options expiry and recent on‑chain bearish flips — that will shape BTC’s short-to-medium term path.

Lighter reported nearly $200 billion in 30‑day trading volume and briefly overtook Hyperliquid, forcing a reassessment of derivatives liquidity and market structure in 2026. This piece unpacks the numbers, drivers, risks, and practical implications for traders and market makers.

A technical-market-structure deep dive into Bitcoin's late‑December 2025 failed $90k breakout, unpacking resistance, trendline retests, futures/options open interest dynamics, manipulation claims, and actionable trade frameworks for Q1 2026.

A focused investigation into whether XRP’s market price is defensible given its proposed role as a global liquidity layer, large unrealized institutional losses at Evernorth, and Ripple’s escrow defense. Practical risk checks and monitoring steps for portfolio managers are included.

Terraform Labs has sued Jump Trading for $4 billion, alleging secret deals and market manipulation tied to the UST/LUNA collapse. This investigative piece maps the timeline, evaluates legal hurdles, and forecasts market-structure consequences for HFTs, OTC liquidity providers, and token holders.

A deep dive into the recent streak of spot‑XRP ETF inflows, how Cboe approval of 21Shares XR ticker channels demand, and scenario analysis for $5B–$10B in ETF assets on liquidity, price discovery and on‑chain activity.

Spot XRP ETFs, a shifting CFTC stance toward Ripple-linked instruments, and RLUSD on the XRP Ledger are reshaping liquidity, price discovery, and custody for institutional players. This deep dive explains ETF mechanics, liquidity dynamics, regulatory implications, and how on‑ledger stablecoins change settlement rails for exchanges and institutions.

CME’s new pricing indices and a VIX‑style Bitcoin volatility measure are creating standardized reference points that change hedging, derivatives pricing and liquidity provision for BTC, ETH, SOL and XRP. Institutional benchmarks reduce fragmentation, force re‑calibration of models, and reshape how ETF, OTC and market‑making desks operate.

After October’s flash crash, 2025 left investors asking whether the year qualifies as a bear market. This feature synthesizes drawdowns, ETF redemptions, exchange-premium signals and technical calls to offer a balanced view and allocation guidance for 2026.