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Research Report

The $80,000 Floor: ETF Cost Basis Part 1/3

Bitcoin ETFs are sitting on $11.85 billion in unrealized profits. By every traditional measure, that’s success. The product works. Institutions showed up. Capital accumulated. But here’s what the ...

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Research Report

Amberdata Digital Asset Snapshot - December 16, 2025

Correction Deepens, Positioning Diverges: Digital assets extended losses for ...

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Research Report

The Stress Test: ETF Cost Basis Part 3/3

Part 1 established the floor: $80,000 in aggregate cost basis beneath $127 ...

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Research Report

Who Breaks First: ETF Cost Basis Part 2/3

In Part 1, we revealed the floor: $80,000. We mapped the fortress zone between ...

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Research Report

The $80,000 Floor: ETF Cost Basis Part 1/3

Bitcoin ETFs are sitting on $11.85 billion in unrealized profits. By every ...

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Research Report

Amberdata Digital Asset Snapshot - December 9, 2025

Recovery Rally with Structural Confirmation: Digital assets rebounded sharply ...

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Research Report

Bitcoin’s Great Rotation: Who Bought the Dip and Why It Matters

Over 100,000 BTC woke up. Coins dormant for five years or more - last moved ...

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Research Report

The Leverage Purge: Why the Market Is Healthier After $8.55B in Pain

$8.55 billion liquidated in 57 days. Over two thirds of it - $6.08 billion - ...

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Research Report

Amberdata Digital Asset Snapshot - December 2, 2025

Late-Stage Deleveraging with Early Stabilization Signals: Digital assets ...

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Research Report

Amberdata Digital Asset Snapshot - November 25, 2025

Market Correction with Controlled Deleveraging: Digital assets weakened with ...

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Research Report

Coincidence or Signal? Did WLFI Telegraph Crypto’s $6.93B Meltdown

On October 10th, 2025, World Liberty Financial Token (WLFI) - a Trump ...

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Research Report

Amberdata Digital Asset Snapshot - November 18, 2025

Broad Deleveraging Across Assets: Digital assets sold off sharply with BTC ...

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Research Report

Amberdata Digital Asset Snapshot - November 11, 2025

Market Rotation with Selective Risk-Taking: Digital assets showed stark ...

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Research Report

The Perfect Storm: Why Bitcoin Crashed Below $100K

Bitcoin crashed below $100,000 on November 4, 2025, for the first time since ...

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Research Report

Amberdata Digital Asset Snapshot - November 4, 2025

Our comprehensive weekly coverage of price action and volatility, trading ...

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Research Report

How $3.21B Vanished in 60 Seconds: October 2025 Crypto Crash Explained Through 7 Charts

At 20:50 UTC on October 10, 2025, cryptocurrency derivatives markets entered a ...

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Research Report

Five Signals of FOMC Impact: How Interest Rate Decisions Reshape Crypto Market Microstructure

This research quantifies how different Federal Reserve decision types create ...

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Research Report

Amberdata Digital Asset Snapshot - September 16, 2025

This week's Digital Asset Snapshot was characterized by significant regulatory ...

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Research Report

Beyond the Spread - Understanding Market Impact and Execution

The order book shows $16.53 million in available liquidity at 100 basis points. ...

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Research Report

The Rhythm of Liquidity - Temporal Patterns in Market Depth

This analysis examines 50,526 minutes of orderbook data from Binance’s ...

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Research Report

The Architecture of Market Depth: How Liquidity Really Works in Crypto Markets

This analysis examines 50,526 minutes of orderbook data from Binance’s ...

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Research Report

Amberdata Digital Asset Snapshot - August 15, 2025

This week's Digital Asset Snapshot was defined by historic price achievements ...

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Research Report

Amberdata Digital Asset Snapshot - July 28, 2025

This week's Digital Asset Snapshot was defined by historic price milestones and ...

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Research Report

DEFI Activity, Stablecoins, and the Impact on Price Volatility: Part 5

Throughout Parts 1-4 of this series, we established the foundational ...

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Research Report

Amberdata Digital Asset Snapshot - July 7, 2025

This week's Digital Asset Snapshot was defined by regulatory breakthroughs and ...

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Research Report

Amberdata Digital Asset Snapshot - June 19, 2025

This week’s Digital Asset Snapshot was shaped by geopolitical shocks and ...

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Research Report

Amberdata Digital Asset Snapshot - June 5, 2025

In this week’s Digital Asset Snapshot, markets experienced heightened ...

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Research Report

DEFI Activity, Stablecoins, and the Impact on Price Volatility: Part 4

In Part 1, Part 2 and Part 3, we provided a comprehensive foundation exploring ...

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Research Report

Amberdata 2025: Q1 Digital Asset Market Intelligence Report (COMPLETE)

Welcome to Amberdata’s Q1 2025 Market Report—a quarter defined by remarkable ...

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Research Report

Amberdata 2025: Q1 Exchanges and Derivatives Market Intelligence Report

Welcome to Amberdata’s Q1 2025 Exchanges and Derivatives Market Intelligence ...

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Research Report

Amberdata 2025: Q1 Stablecoin Market Intelligence

Welcome to Amberdata’s Q1 2025 Stablecoin Market Intelligence Report—a quarter ...

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Research Report

Amberdata 2025: Q1 Ethereum Market Intelligence

Welcome to Amberdata’s Q1 2025 Ethereum Market Intelligence Report—a quarter ...

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Research Report

Amberdata 2025: Q1 Bitcoin Market Intelligence

Welcome to Amberdata’s Q1 2025 Bitcoin Market Intelligence Report—a quarter ...

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Research Report

Amberdata Digital Asset Snapshot - April 25, 2025

In this week’s Digital Asset Snapshot, markets grappled with security fears and ...

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Research Report

DEFI Activity, Stablecoins, and the Impact on Price Volatility: Part 3

This is part three of a series exploring key aspects of the impact on price ...

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Research Report

How Do On-Chain Metrics Explain Bitcoin Volatility? Part 2

This report builds on the insights from our previous exploration, “How Do ...

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Research Report

Amberdata Digital Asset Snapshot - April 15, 2025

In this week’s Digital Asset Snapshot, macro crosswinds left crypto markets ...

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Research Report

DEFI Activity, Stablecoins, and the Impact on Price Volatility: Part 2

A data-driven look at the connection between stablecoin lending trends and ...

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Research Report

Amberdata Digital Asset Snapshot - March 28, 2025

In this week’s Digital Asset Snapshot, market sentiment remains cautious ...

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Research Report

How Do On-Chain Metrics Explain Bitcoin Volatility? Part 1

In this report, we take a closer look at Bitcoin’s price fluctuations by ...

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Research Report

Amberdata Digital Asset Snapshot - March 14, 2025

In this week’s Digital Asset Snapshot, we delve into a multifaceted market ...

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Research Report

DEFI Activity, Stablecoins, and the Impact on Price Volatility: Part 1

This is the first part of a series exploring key aspects of the impact on price ...

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Research Report

Amberdata Digital Asset Snapshot - February 28, 2025

In this week’s Digital Asset Snapshot, we cover the fallout from recent market ...

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Research Report

Amberdata Digital Asset Snapshot - February 14, 2025

In this week’s Digital Asset Snapshot, Crypto AI Agents saw their market cap ...

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Research Report

Crypto Pairs Trading Strategy: Applying Cointegration and Statistical Methods to Develop Concrete Trading Signals

In this report, we lay the groundwork for our crypto pairs trading strategy by ...

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Research Report

2024 Digital Asset Market Intelligence

Over the past twelve months, Bitcoin, Ethereum, and a variety of stablecoins ...

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Research Report

Amberdata Digital Asset Snapshot - January 28, 2025

In this week’s Digital Asset Snapshot, we cover the SEC’s new crypto task force ...

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Research Report

Amberdata Digital Asset Snapshot - January 10, 2025

In this edition of the report, intensifying recession fears and surging ...

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Research Report

Amberdata Digital Asset Snapshot - December 23, 2024

In this edition of the report, three major trends stand out, from institutional ...

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Research Report

Amberdata Digital Asset Snapshot - December 6, 2024

In this edition of the Amberdata Digital Asset Snapshot, Bitcoin’s historic ...

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Research Report

Amberdata Digital Asset Snapshot - November 22, 2024

This week, we explore Bitcoin’s rally nearing the $100K milestone, new ...

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Research Report

Amberdata Digital Asset Snapshot - November 8, 2024

In this edition, we explore how Trump’s election victory and recent economic ...

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Research Report

Amberdata Digital Asset Snapshot - October 23, 2024

This edition of the newsletter focuses on OpenEden’s achievement of surpassing ...

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Research Report

Unlocking Profit: Developing and Backtesting Winning ETH Trading Strategies

Blockchain technology offers a wealth of public data, but transforming this raw ...

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Research Report

Amberdata Digital Asset Snapshot - October 9, 2024

This week’s snapshot focuses on the macro implications of the robust U.S. jobs ...

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Research Report

Dissecting Volatility: Analyzing Binance ETH-USDT Order Book and Tradebook Data During the Yen Carry Trade Unwind

In global finance, unexpected connections can have wide-reaching effects. A ...

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Research Report

Amberdata Digital Asset Snapshot - September 11, 2024

Venmo and PayPal Adopt ENS. Venmo and PayPal have integrated Ethereum Name ...

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Research Report

BTC vs ETH: 30-Day ETF Comparison

The Bitcoin ETF began trading on January 10, 2024, marking a significant ...

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Research Report

Amberdata Digital Asset Snapshot - August 28, 2024

NFT trading platform Opensea, once the dominant platform in NFT trading, has ...

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Research Report

Amberdata Digital Asset Snapshot - August 14, 2024

Brazil leads the way. After the launch of Ethereum ETFs in the United States ...

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Research Report

Liquidator Profits on AAVE2

This report investigates historical liquidation data on AAVEv2, specifically on ...

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Research Report

Amberdata Digital Asset Snapshot - July 31, 2024

It has been a tumultuous week for the digital asset space as BTC boomeranged ...

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Research Report

Amberdata Digital Asset Snapshot - July 17, 2024

It’s been reported on multiple outlets that the SEC has told ETH ETF issuers ...

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Research Report

Pulling Signal from the Noise: Trading AmberLens' Institutional Bitcoin Metrics

AmberLens, Amberdata’s market intelligence solution, provides analysts and ...

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Research Report

Amberdata Digital Asset Quarterly Report: Q2 2024

Following a turbulent Q1 2024, which saw the initial wave of digital asset ETFs ...

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Research Report

Amberdata Digital Asset Snapshot - June 19, 2024

It has been an exciting two weeks for the digital asset space since our last ...

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Research Report

Curve Your Enthusiasm: Curve and the Curve Ecosystem Defi Primer

Originating as a stablecoin exchange called Stableswap, Curve has since become ...

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Research Report

Amberdata Digital Asset Snapshot - June 5, 2024

Thailand has joined the digital asset ETF wave after approving its first spot ...

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Research Report

Amberdata Digital Asset Snapshot - May 22, 2024

Happy Bitcoin Pizza Day! Several events in the last two weeks highlighted a ...

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Research Report

Amberdata Digital Asset Snapshot - May 8, 2024

The FTX saga may soon conclude with a twist: creditors are set to be repaid in ...

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Research Report

Amberdata Quarterly Report - Q1 2024

Memes have been getting out of control! The first quarter of 2024 started with ...

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Research Report

Amberdata Digital Asset Snapshot - April 24, 2024

Bitcoin completed the fourth halving of network rewards last week, reducing ...

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Research Report

Amberdata Digital Asset Snapshot - April 10, 2024

Last week we saw notable movements in ETH and BTC. ETH and BTC briefly surged ...

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Research Report

Amberdata Digital Asset Snapshot - March 27, 2024

If you’ve been following the market lately, you might be expecting today’s ...

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Research Report

Amberdata Digital Asset Snapshot - March 13, 2024

Bitcoin breaks $70k! In our last snapshot, we were celebrating Bitcoin’s ...

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Research Report

Amberdata Digital Asset Snapshot - February 28, 2024

Bitcoin breaks $60k! In an incredible rally, Bitcoin has surged past the $60k ...

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Research Report

Amberdata Digital Asset Snapshot - February 14, 2024

In a net positive sign that Valentines is still thriving, Ethereum L2 Starknet ...

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Research Report

Amberdata Digital Asset Snapshot - January 31, 2024

In regulatory news, the Securities Exchange Commission (SEC) has proposed to ...

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Research Report

Amberdata Digital Assets Quarterly Report - Q4 2023

Reflecting on 2023, we witnessed expansion in both Total Value Locked (TVL) and ...

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Research Report

Strategies for Mitigating Impermanent Loss Across Uniswap V3

Providing liquidity on Decentralized Exchanges (DEXs) can be a great source of ...

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Research Report

Amberdata Digital Asset Snapshot - January 17, 2024

The SEC has officially approved Spot Bitcoin ETFs, giving digital assets a ...

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Research Report

Bitcoin's Next Frontier: Institutional Demand in the World of Options and Futures Trading

Each cryptocurrency bull market differs from its predecessors. In 2023, there ...

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Research Report

Amberdata Digital Asset Snapshot - January 4, 2024

2024 has started already with a bang and a crash with BTC down 5.5% and ETH ...

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Research Report

Amberdata Digital Asset Snapshot - December 20, 2023

With the upcoming year anticipating the Bitcoin halvening, Bitcoin (and other ...

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Research Report

Amberdata Digital Asset Snapshot - December 6, 2023

Bitcoin is back! After crossing the $44k price point, BTC has made headlines ...

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Research Report

Trading Between Hours - Volatility Dispersion Across Tokens

Previously, we examined the volatility and returns distributions of ...

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Research Report

Trading Crypto Between Hours - Volatility Dispersion Across Exchanges

Previously, we examined the volatility and returns distributions of ...

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Research Report

Amberdata Digital Asset Snapshot - November 21, 2023

Binance has settled with the US Department of Justice (DOJ) and Commodities ...

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Research Report

Trading Crypto Between Hours - Volatility Dispersion Across Multiple Regions

The constant and changing cryptocurrency markets bring both opportunities and ...

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Research Report

Amberdata Crypto Snapshot - November 8, 2023

To say the last two weeks were eventful is monumental understatement. Here are ...

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Research Report

Amberdata Crypto Snapshot - October 25, 2023

Hopium has returned just in time for the annual “How’s Bitcoin?” Thanksgiving ...

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Research Report

Primer: Becoming an Algorithmic Stablecoin Maxi

Stablecoins, designed to maintain a peg with a fiat currency, have become a key ...

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Research Report

Amberdata Crypto Snapshot - October 11, 2023

It has been an exciting first two weeks of October. Here is a short recap of ...

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Research Report

The Lost Stablecoin Depeg

When a tree falls in the forest, the only one who hears it is the one swinging ...

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Research Report

Lending Stablecoins: Aggregate Analytics

Stablecoins are a vital aspect of any DeFi portfolio. They provide a safe haven ...

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Research Report

Amberdata Crypto Snapshot - September 27, 2023

Several extremely notable events happened over the last two weeks. From ...

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Research Report

Primer: Becoming an Over-Collateralized Stablecoin Maxi

This primer focuses on over-collateralized stablecoins. We will provide an ...

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Research Report

Primer: Becoming a Fiat-backed Stablecoin Maxi

Stablecoins designed to maintain a peg with a fiat currency have become a key ...

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Research Report

Amberdata Crypto Snapshot - September 13, 2023

While Binance.US undergoes yet another CEO departure, Binance faces layoffs, ...

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Research Report

Crypto Depegging Event Trading Opportunities and Market Impact

Stablecoins, digital assets designed to mirror the value of fiat currencies, ...

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Research Report

Amberdata Crypto Snapshot - August 30, 2023

Greyscale’s GBTC lawsuit victory is the first big win and a huge step forward ...

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Research Report

Amberdata Crypto Snapshot - Aug 16, 2023

Early this week, Coinbase received approval to sell crypto futures on its ...

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Research Report

Preparing for Lift-Off: All About That Base

The long awaited Coinbase L2, Base, is finally here and with it the start of ...

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Research Report

Amberdata Crypto Snapshot - Aug 2, 2023

The SEC continues its regulation-by-enforcement rampage through the ...

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Research Report

Orderbook Liquidity and Volume Profile Report

In the fast-paced world of trading, every transaction, every bid, every ask, ...

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Research Report

Amberdata Crypto Snapshot #9

Since December 2020, Ripple Labs (issuer of XRP and the Ripple network) has ...

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Research Report

Decoding Option Flows: Q2 2023

Crypto volatility trading has remained concentrated to flows being executed on ...

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Research Report

Amberdata Crypto Snapshot #8

Even slow weeks are not dull weeks in crypto. Soon after multiple Bitcoin Spot ...

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Research Report

Amberdata Crypto Snapshot #7

Grayscale Bitcoin Trust (GBTC) is about to have some company after BlackRock ...

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Research Report

Amberdata Crypto Snapshot #6

This week’s SEC regulation by enforcement approach has finally come to two of ...

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Research Report

Amberdata Crypto Snapshot #5

In a collective sigh of relief, we begin to wave goodbye to the meme coin craze ...

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Research Report

Liquidations On Perpetual Futures Contracts As a Leading Indicator of Market Movement

Learn more about one of the most common financial instruments in cryptocurrency ...

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Research Report

Backtesting A Volatility-Based LP Strategy on Uniswap V2

Learn how with the right strategy, providing liquidity on a decentralized ...

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Research Report

Amberdata Crypto Snapshot #4

Will the next bull run be driven by memes? Does Bitcoin have a future beyond ...

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Research Report

Amberdata Crypto Snapshot #3

Slippage has the potential to turn a large fortune into a small one, so paying ...

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Research Report

Amberdata Crypto Snapshot #2

Binance’s trading volume market share appears to be in decline. Since the CFTC ...

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Research Report

Developing and Backtesting a Liquidity Provider Strategy on Uniswap V2

The factors to consider when picking a pool on Uni v2, such as the total value ...

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Research Report

Amberdata Crypto Snapshot #1

Despite the challenges of the last few weeks, both BTC and ETH have rallied ...

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Research Report

Identifying Crypto Market Trends Using Orderbook Slippage Metrics

Download the Amberdata research paper, "Identifying Crypto Market Trend Using ...

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Research Report

Leveraging Order Book Heatmaps and Trade Order Flow For Market Trend Analysis

How order book heatmaps provide a visual representation of the supply and ...

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Research Report

The BTC Volatility Surface: Q1 2023

Analyzing the crypto volatility space is still a nascent game and the regimes ...

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Research Report

An Unusual Calm in the Crypto Storm

Analyzing Current Low Volatility and Market Stagnation

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Research Report

BTC Options: Dissecting Volatility Trends

A who’s who of options trading comes together with Amberdata Derivatives to ...

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Research Report

Developing and Backtesting DEX/CEX Arbitrage Trading Strategies

This eBook delves into the structure of decentralized and centralized ...

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