Markets
You can't win a game you don't understand. Learn how crypto markets actually work — from order books to derivatives to market cycles.
Key Concepts
- Market microstructure — CEX vs DEX, order books vs AMMs, and how trades actually get matched.
- Derivatives — Perpetual futures, funding rates, liquidation mechanics, and basis trading.
- Market cycles — Bubble, crash, accumulation, recovery — the recurring patterns and what drives them.
Articles
markets · · 5 min
Funding Rates: The Hidden Price of Perpetual Futures
Most traders ignore the funding rate eating into their perpetual futures returns. Learn how funding works and when it becomes an edge.
markets · · 5 min
Market Cycles: The Patterns That Repeat
Crypto markets move in cycles — accumulation, markup, distribution, markdown. Learn to recognize where you are instead of predicting where it's going.
markets · · 5 min
Liquidation: How Leverage Kills Accounts
Leverage amplifies gains and losses — but it also sets a price where your position is forcibly closed. Understand liquidation before it happens to you.