LO:TECH

Bitcoin dipped below $59k while altcoins rallied. Our researcher @AdMcMarkets breaks down why the moves were built on thin liquidity, what Strategy's latest shift means for Bitcoin, and the macro events to watch next. Sign up free to get these insights in your inbox: down.lo.tech

Full story on @sandmark_news by @IZYcastrowrites : sandmark.com/news/top-news/…

LO:TECH is now a licensed distributor of @Kalshi market data. Our clients get live and historical order-book data across Kalshi's full range of event markets. It runs through the same infrastructure as our trading and liquidity operations, so it arrives in one consistent format rather than a set of raw feeds to stitch together. We are one of the first firms licensed to distribute Kalshi data, who have recorded more than $100 bn in cumulative trading volume across their event contracts. "Access to event market contract data is essential for enabling institutional participants to manage and hedge risk more effectively," Andy Ross, head of institutional at Kalshi, said in a statement. @TimMeggs , CEO of @lo_tech, on how institutions are using it: "People who have come to us for this sort of data are using it for research, they're using it for post-trade analysis, they're using it for generating trade ideas."

Last week crypto traders bought 15 times more Micron than Nvidia. On Binance equity perps that's $ 3.4bn against $ 230m, with memory and semis taking around 63% of the volume. Easy to file under AI selling off. It wasn't. Nvidia was barely touched. What got sold was commodity memory, NAND and DRAM, on a legal case and fresh questions about how much of it AI really needs. We pull this sort of thing apart every week in The Data LO:DOWN newsletter written by @AdMcMarkets. It's free to sign up here: down.lo.tech

This week saw $BTC hit its lowest point in nearly two years, meanwhile $SOL was up double digits, $ETH gained, and alts broadly held their ground. The sell-off barely left the building before $BTC bounced back. Here's what was actually going on 🧵

The headlines went to the World Cup billions on Kalshi. Our resarcher @AdMcMarkets breaks down the Bitcoin selloff, and why the Fed, the dollar and the AI trade are all pulling the same way. Sign up free to get these insights in your inbox: down.lo.tech

Kalshi cleared $ 24bn in June, roughly 70% of it sports on the back of the World Cup. Volume's the headline, but in-play it's repricing speed that matters. A goal goes in, the tight books move inside a second while the slow ones sit there for four or five. Four seconds doesn't sound like much until you're the one pricing the market. We pull this sort of thing apart every week in the data lo:down newsletter written by @AdMcMarkets. It's free to sign up here: down.lo.tech

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We're back with the next instalment of the LO:DOWN -Crypto Crashes & World Cup Hysteria. BTC and broader crypto markets fell again this week as the FIFA world cup drove record volumes on Kalshi. Links below to get our 5 minute reads straight to your inbox.

This weeks article - down.lo.tech/p/crypto-crash…

The World Cup is putting prediction markets in the spotlight. But the real opportunity might have nothing to do with football...

Quick thoughts on macro flowing into crypto perps. USD/JPY perps on @tradexyz saw a clear volume spike during last week’s Fed news and Yen tumult, but it didn’t stick around. Great to see crypto react to macro events in real time, but sustained liquidity in FX pairs is still a challenge -- for now! Full note + charts below!

Built on top of the best market data in crypto - the LO:DOWN is a new initiative for LO:TECH. Love seeing all this data get some proper good analysis.

Read our first edition release here ↓ down.lo.tech/p/btc-whipsaws…

The first LO:DOWN is live. This week : BTC Whipsaws on Fed Hawkishness Rate hikes returned to the conversation, BTC short-term vol spiked 19% in under a day, and SpaceX perps had their coming-out party with a 35% intraday rip. The market signals that matter - decoded in a 5 minute weekly read.

Interested? Subscribe below ↓ down.lo.tech

The first edition of the LO:DOWN lands June 19th. Every week, @AdMcMarkets will break down the signals that matter most to market participants. From microstructure, macro and prediction markets to everything in between. Don’t miss it ↓ down.lo.tech