Midday Update · May 18
Mid-session positioning & flows
Editor-in-Chief
Aryan Patel
CMT charter-holder · 12 years in markets
Editor-in-chief at Digital Market Chronicle. Covers BTC, ETH and macro cross-currents. Previously ran a cross-asset trading desk. Believes in tight stops and tight prose.
Aryan Patel's recent stories
Closing Bell · May 18
Recap, settles, after-hours
Weekly Recap · May 18
The week in markets
BTC options OI hits $40B as 90% of open contracts cluster around the round number
Open interest in BTC options has built into a multi-month peak ahead of next month's monthly expiry.
Solana DEX volumes hit a new monthly record amid memecoin flow rotation
Aggregate Solana DEX volume crossed $90B in the trailing 30 days, with memecoin trading driving the marginal increase.
Morning Brief · May 18
What you need before the open
Ethereum supply turns deflationary again as gas burn accelerates
Higher base fees from sustained L2 activity tipped 30-day net issuance negative for the first time since the summer.
Bitcoin holds the 50-day moving average as ETF flows turn positive
Net spot ETF inflows resumed Tuesday after three sessions of outflows, helping BTC defend its 50-day MA at the close.
SEC Approves Spot Ethereum ETFs: What It Means for Investors
SEC Approves Spot Ethereum ETFs: What It Means for Investors. Full analysis and market breakdown. Bitcoin and Ethereum continue to show strength amid macro uncertainty. Institutional…
