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Research, market commentary, and analysis from the Caladan team.
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Market Analysis

Why The Road Ahead for BTC Isn’t as Bleak as it Looks: Macro, Structure, and the Path Forward

Derek Lim
·
Dec 3, 2025
Market Analysis

How Washington Accidentally Made Crypto Too Important to Kill

Derek Lim
·
Nov 26, 2025
Market Analysis

Liquidity: The Primary Driver of Crypto Markets

Derek Lim
·
Nov 19, 2025
Market Analysis

The Arithmetic Trap: Why Most Investors Optimize for the Wrong Number

Derek Lim
·
Nov 12, 2025
Market Analysis

x402 and the Micropayment Revolution: What Markets Seem to be Pricing Wrong

Derek Lim
·
Nov 5, 2025
Market Analysis

The 2021 Redux Myth: Why Bitcoin's Next Move Likely Won't Mirror the Past

Derek Lim
·
Oct 29, 2025
Market Analysis

Report: The Ten Commandments of Liquidity Incentives

Derek Lim
·
Oct 23, 2025
Market Analysis

Crypto's Largest Crash: What Happened, Why It Happened, and What the Data Says Comes Next

Derek Lim
·
Oct 14, 2025
Market Analysis

Layer3 | The Information Asymmetry Crisis: Rethinking How We Measure Sentiment in Web3

Derek Lim
·
Oct 14, 2025
Market Analysis

Fourteen Days to the Top? Why This Cycle's Path to $27 Trillion Looks Different

Derek Lim
·
Oct 8, 2025
Market Analysis

What Trump’s Fed Pick Means for Bitcoin

Derek Lim
·
Sep 17, 2025
Market Analysis

Report: Why Investors Pay $2 for $1 of Bitcoin - Analysis on Digital Asset Treasuries

Derek Lim
·
Sep 2, 2025