0/ Every week, we send out a free 5 min weekly recap called ๐ŸŒ€ The Delphi Debrief ๐ŸŒ€

This week we published analysis on:
๐Ÿ”น Layer 2s
๐Ÿ”น $MKR underperformance
๐Ÿ”น @beeple sell out
๐Ÿ”น Crypto Investing Frameworks
delphidigital.io/reports/layer-โ€ฆ
1/ Our must read for members this week was the all-encompassing L2 report that @Alex_Ged & our CTO @lukedelphi put together.

We spoke with all the top teams building these rollups + the projects leveraging them to answer all the qโ€™s our clients may have.
delphidigital.io/reports/layer-โ€ฆ Image
2/ @MakerDAO is the largest DeFi protocol by TVL, with over $2.5B in collateral.

Earlier this week, @ashwath_22 took a look at the recent underperformance of $MKR vs other DeFi blue chips like $SNX $YFI $AAVE
delphidigital.io/reports/analyzโ€ฆ
3/ Meanwhile, @pierskicks covers the monumental @beeple crypto art drop from last week. $3.5 million dollars of digital artwork sold in 48 hours. The drop featured a $750,000 individual sale inching us closer to the first Million Dollar NFT.
4/ One of our most popular reads this week was @ZeMariaMacedo walking through a Framework for Crypto Investing and why a sector like insurance is relatively undervalued.
5/ As always, it was a busy week for the Delphi team. We also released two new @PodcastDelphi episodes featuring @JakeRyan of @Tradecraft capital, and @leocheng of @cream finance.

Check them out here:
6/ Take 5 minutes to read through the full Delphi Debrief below ๐Ÿ‘‡

You can subscribe to ๐ŸŒ€The Delphi Debrief ๐ŸŒ€ at the bottom of our front page!
delphidigital.io/reports/layer-โ€ฆ

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More from @Delphi_Digital

7 Dec 20
0/ [PUBLIC RELEASE] The Bitcoin Bull Case: 2021 & Beyond

After 1,081 days of waiting, #Bitcoin recently reached a new ATH. So whatโ€™s next?

Weโ€™re making our latest report public to provide the $BTC community with ammo ๐Ÿ‘‡
delphidigital.io/reports/the-biโ€ฆ
1/ It's packed w/ on-chain data, market cycle forecasts, key trading trends, and macro market analysis (thread below):

๐Ÿ”ธ UTXO Analysis
๐Ÿ”ธ Market Cycle Patterns & Forecasts
๐Ÿ”ธ Supply Shortage & Exchange Balances
๐Ÿ”ธ Price Breakout & Momentum
๐Ÿ”ธ Correlations, Sentiment, Volatility
2/ Forecasting Market Cycles

In our inaugural #Bitcoin report (Dec โ€˜18) we analyzed historical holder activity to predict a $BTC price bottom by 1Q19.

$BTC hit a cycle low 5 days later, setting up its 2019 surge.
Read 18 tweets
6 Nov 20
0/ [NEW] Monthly Delphi Research Recap

A monthly digest highlighting some of our research teamโ€™s top reports and content.

Free access to the first edition here: delphidigital.io/reports/best-oโ€ฆ

Highlights ๐Ÿ‘‡
1/ If you like what you see, we're offering a limited time discount on ALL our memberships.

Just use the code "DELPHIRECAP" at checkout to lock in a 50% discount on your 1st month OR a 20% discount on any of our annual plans!

(FYI: This won't last long!)
delphidigital.io/subscription-pโ€ฆ
2/ This edition includes:

๐Ÿ”ธ Setup for #Bitcoin & key on-chain metrics $BTC
๐Ÿ”ธ Analysis on Ethereum's evolving ecosystem $ETH
๐Ÿ”ธ Crypto taxation
๐Ÿ”ธ Relationship between Yearn & Curve $YFI $CRV
๐Ÿ”ธ In-depth notes on $NXM, smart stablecoins, impact of vested rewards, & more! Image
Read 5 tweets
13 May 20
0/ We hope everyoneโ€™s enjoying our new State of #Bitcoin report!

Itโ€™s close to 60 pages, so for convenience we wanted to tweet out a few of our favorite takeaways:

Short thread below ๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡
delphidigital.io/halving
1/ The current composition of the underlying holder base looks nearly identical to the one leading into the 2nd halving:

58% of holders hadnโ€™t moved their $BTC in at least 1YR back in 2016, that # stands at 59% today

27.1% hadnโ€™t moved their $BTC in at least 3YRS, 27.8% today
2/ Prior #bitcoin cycles tended to peak when major central bank balance sheet growth began to decelerate (albeit price history is limited).

Meanwhile, U.S. debt-to-GDP is all but guaranteed to surpass its previous WWII high (~120%).
Read 11 tweets
11 May 20
0/ The State of Bitcoin 2020

For the 3rd $BTC halving, our team wanted to arm the community with the most thorough, all-encompassing report on the current state of #Bitcoin.

Dive in here: delphidigital.io/halving
1/ This report serves as a special update to our inaugural State of Bitcoin report released back in Dec. 2018. At the time, we claimed $BTC was โ€œeasier to dismiss than understand.โ€

Safe to say a great deal has changed since then. Dismissing Bitcoin is no longer an option.
2/ Within The State of Bitcoin 2020, our team dives into all this and more!

๐Ÿ”ธ Macro Backdrop
๐Ÿ”ธ Adoption Analysis
๐Ÿ”ธ On-Chain Trends
๐Ÿ”ธ Exchange Flows
๐Ÿ”ธ Upcoming Bitcoin Upgrades
๐Ÿ”ธ Lightning Network
๐Ÿ”ธ Contributor Pieces
Read 8 tweets
1 Nov 19
0/ We recently sent our clients a special edition of the Monthly #Bitcoin Outlook by @YanLiberman and @Kevin_Kelly_II, and weโ€™re excited to share it publicly today. This thread summarizes our take of the interplay between Price and Open Interest on Bitmex.
delphidigital.io/btc
1/ We start off by recapping the 2019 volume profile for $BTC. This year, Bitcoin's volume profile has resembled that of a mini bull bear cycle. A more detailed recap can be found within the report.
2/ Open Interest (OI) represents the number of perpetual futures contracts in existence, serving as a useful proxy for the amount of leverage in the market. In 2019, peaking OI has functioned as a potential sign of trend exhaustion and subsequent reversal.
Read 13 tweets
8 Aug 19
0/ We recently released our Bitcoin Monthly Outlook covering several developing trends weโ€™re watching closely. Below is a short thread on some of the key takeaways, but you can access the full report + our historical outlooks at delphidigital.io/research!

Join us today!
1/ #Bitcoin remains one of the best performing assets globally this year, tracking its 2017 performance so far YTD. Historically, the second half of the year has been kind to $BTC, especially the early autumn months, but important to note history is obviously limited.
2/ Correlation between $BTC & gold has strengthened considerably the last few months amid plunging debt yields + rising geopolitical tensions (our quarterly outlook gives more context on the macro backdrop & why demand for an uncorrelated, non-sovereign asset likely increases).
Read 6 tweets

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