The same five questions, answered every week.
Market structure. Funding and basis. Venues. Liquidations and risk. Outlook. Fixed structure, so the series is comparable week to week, and every answer carries its data and source.
The desk's weekly intelligence read for the week of October 5 - 11, 2026: a minutes release that kept the hike path intact, a $546.89m long flush, a funding clock that never moved, record Hyperliquid positions on thinning volume, and the first negative ETF week in a month.
Read the issueThe desk's weekly intelligence read for the week of September 28 - October 4, 2026: two macro prints that repriced the hike path, a basis that refused to confirm the spike, the rotation from flow to carry on Hyperliquid, and a $433.6m flush of late longs.
Read the issueThe desk's five standing questions answered for the week of September 21 - 27, 2026: a rally on delivered demand, the funding clock, the venue ledger, the liquidation ledger and the regulatory week.
Read the issueThe desk's five standing questions answered for the week of September 14 - 20, 2026: the macro week that absorbed a hike and a failed bill, the leverage that stayed in the book and the ETF rotation.
Read the issueThe desk's five standing questions answered for the week of September 7 - 13, 2026: the rates week, the leverage that left the book and the ETF ledger.
Read the issueThe desk's five standing questions answered for the week of August 31 - September 6, 2026: the crossover week, the ZEC experiment and the carry arithmetic.
Read the issueThe desk's five standing questions answered for the week of August 24-30, 2026: market structure, funding and basis, venues, liquidations and risk, outlook.
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