GM! Here's our 9th edition of the Caladan Weekly, a sharp, data-driven read on digital asset markets, liquidity flows, and treasury optimization for institutions. Credits to @0xavarek for the writeup.
Below is a preview of the digest. Subscribe below for the full version. 🧵
- The Caladan Weekly | Navigating Capital Allocation in a Mature Crypto Cycle -
Key Takeaways:
Market appears to be bifurcating into two asset classes: institutional-grade DCF assets w/ yield and infra; attention/mindshare assets driven by retail mindshare + airdrop mechanics
Capital is adopting a barbell approach, rotating into safe yield positions and selective high-conviction bets, while avoiding middle-risk exposure
Institutional flows seem to be consolidating in assets with depth, volatility, regulatory clarity, and balance sheet utility,
breaking the traditional $BTC → $ETH → alts rotation
$ETH treasury companies are enabling firms to hold ETH as a productive asset,
accelerating this crossover adoption through yield and structuring tools
Perpetuals volume is concentrated on venues like @HyperliquidX , likely signaling a market driven by sophisticated traders rather than broad retail flows
Funding rates remain elevated but controlled, indicating strategic leverage use by professionals instead of euphoric excess
Policy shifts are reinforcing this structure, with stablecoin growth feeding Treasury demand and retirement account access bringing new capital into crypto
Interested in reading the full weekly report in your inbox?
Subscribe here at:
1.02K
1
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.