Market shorthand for a spot Bitcoin ETF listing. The product holds BTC, not futures.

A token that is a security under applicable law: ownership, debt, or investment-contract rights, usually with transfer restrictions.

The asset in which a contract's realized obligations or profit and loss are paid, which may differ from its quote or collateral currency.

The chance one side delivers and the other does not, classic in cross-border and OTC crypto.

Excess return per unit of volatility. A simple way to compare strategies after adjusting for swing size.

A position that profits if price falls, typically via a borrowed asset or a derivative.

A forced buy-back cascade when shorts are liquidated into a rising tape.

Forced buying of shorts as price rips, often accelerated by thin order books and high leverage.

The difference between the expected price and the fill price, usually worse in thin markets or large orders.

Smart Contract Platform is a market sector used to group crypto assets with similar use or design.

A target defended by incentives rather than a hard 1:1 redemption window.

Solana Meme is a market sector used to group crypto assets with similar use or design.

Spent output profit ratio. Whether moved coins are realizing profit or loss on average.

Posting large orders you intend to cancel to trick others about supply or demand.

Trading the actual asset for immediate settlement, not a future or perpetual.

When spot trades above perps or a basket, often a bullish demand tell.

Earning the bid-ask as a market maker, before inventory and adverse-selection costs.

Stablecoin Issuer is a market sector used to group crypto assets with similar use or design.

Aggregate USDT+USDC+others outstanding. Rising supply is a crude dry-powder signal.

Stablecoins is a market sector used to group crypto assets with similar use or design.

Listing a token with little notice, common in memecoins, high rug risk.

Security token offering. A regulated-style issuance of tokenized securities, contrasted with unregistered ICOs.

A popular but debated model that treats Bitcoin like a commodity whose new supply is small versus stock.

A trigger that becomes a sell (or buy) if price trades through a level, used to cap a losing position.

A price area where buyers have repeatedly shown up and slowed a decline.

A dollar target built from hedges and collateral rather than full cash reserves, such as USDe.