Structure before signals
SwapHunt studies liquidity, behavior, and structural patterns inside crypto markets. The goal is not prediction. The goal is to understand why markets move the way they do.
Reading markets instead of predicting them.
If you're trying to understand how markets actually behave:
Start here if you want to see how structure plays out in real markets.
Daily Note · 18 May: Institutions Split on Risk
Institutional conviction on crypto fractured visibly in the last 24 hours, with Goldman Sachs exiting XRP and Solana ETF positions at the same moment a trillion-dollar Italian bank moved in. Against a bearish macro backdrop and a Fear reading of 28, the split is the structural signal.
Read article →Articles
If you want to see the ideas applied in real markets, start here.
Long-form observations on market structure, trading psychology, and behavior patterns. Written to explain, not to persuade.
Browse articles →Frameworks
If you're new, this is where the model starts.
SwapHunt is built around a simple idea: make the same decision the same way every time. Context over conclusions, structure over noise.
Read about the approach →E-books
Best read after you've gone through a few articles.
Collected essays on structure, tempo, and decision-making. Each edition captures a specific moment in time - written to be revisited, not consumed.
Browse editions →Latest articles
If you're browsing, these are recent notes:
Daily Note · 18 May: Institutions Split on Risk
Institutional conviction on crypto fractured visibly in the last 24 hours, with Goldman Sachs exiting XRP and Solana ETF positions at the same moment a trillion-dollar Italian bank moved in. Against a bearish macro backdrop and a Fear reading of 28, the split is the structural signal.
~6 min readWhy Exchanges Lose Bitcoin During Rallies
When Bitcoin rallies, exchange balances often drop - not because traders are selling, but because they're moving coins off-platform to hold. Understanding why this happens reveals a key signal in on-chain analysis.
~2 min readDaily Note · 17 May: Structure Builds While Sentiment Breaks
Institutional infrastructure expanded on two fronts while sentiment moved the opposite direction - the last 24 hours revealed a market where the structural case is strengthening and the crowd is pricing fear.
~8 min readXRP Holds $1.42 as Whales Reposition and Markets Sit in Fear
XRP is holding $1.42 in a low-conviction consolidation as whale repositioning and a Fear & Greed reading of 27 keep directional pressure muted. Here is what the structure looks like this week.
~2 min readDaily Note · 16 May: Two Catalysts, One Direction
The last 24 hours produced a leverage flush across majors and a $1B ETF outflow week - yet XRP's network activity surged on CLARITY Act news, exposing a split between structural signal and price outcome.
~7 min readThe Mechanics of Liquidation Auctions on DeFi Protocols
DeFi liquidation auctions are not random events - they are structured processes with precise incentive design. Understanding the mechanics reveals why they accelerate price moves and who benefits.
SwapHunt evolves quietly.
Most readers don’t read this once.
They return to it over time.