ページをめくっています。
次の章を表示しています…
最初のブロックから細部まで。市場の背景にあるアイデア、人々、仕組みを、役立つ解説で一つずつ学べます。
ディレクトリの定義は英語で表示されます。項目を開くと、翻訳済みの読み物があるか確認できます。
鍵から共有台帳まで、取引の流れをたどりましょう。
Blockchainから始めるコントラクト、流動性、借入と、それぞれの間にあるリスクを探りましょう。
Smart contractから始める価格、評価額、市場心理の指標から、何が分かるかを理解しましょう。
Market capitalizationから始める保管方法、権限、署名する内容の判断方法を学びましょう。
Hardware walletから始める最初のアイデアと、業界を変えた出来事を結び付けましょう。
A Cypherpunk's Manifestoから始める技術標準、発行者の主張、法的枠組みを区別しましょう。
Howey testから始めるA service that turns bank money into crypto, usually a CEX, broker, or payment app.
The number of derivative contracts still outstanding. Rising open interest means new risk is entering.
Contracts that give the right, but not the obligation, to buy (call) or sell (put) at a strike price.
Options is a market sector used to group crypto assets with similar use or design.
Oracle is a market sector used to group crypto assets with similar use or design.
A charting zone where large orders are believed to have been filled, used in ICT-style crypto TA.
A list of resting bids and asks on an exchange. The engine matches incoming orders against that book.
Over-the-counter trading arranged away from a public book, used by large tickets that would move a screen.
The target price a stablecoin or wrapped asset is designed to hold.
When perpetual futures trade rich to spot, usually paid by longs via funding.
A futures contract with no expiry. Funding payments keep it near the spot index.
Perpetuals is a market sector used to group crypto assets with similar use or design.
A market that trades event outcomes. Prices are read as implied probabilities.
Prediction Markets is a market sector used to group crypto assets with similar use or design.
When a derivative or listed token trades above a reference spot or net-asset value.
When an ETF or trust trades above the value of its holdings, as GBTC did for years.
Price oscillating between support and resistance without a clear trend.
Real World Assets (RWA) is a market sector used to group crypto assets with similar use or design.
Valuation metric summing each coin at the price it last moved, used in on-chain cycle analysis.
Reusing customer collateral to fund other trades. Common in CeFi lending, dangerous when hidden.
The admin key of a token is sent to a burn address. Helpful, not sufficient. Other hidden roles can remain.
A price area where sellers have repeatedly capped advances.
The thesis that shared security via EigenLayer-style markets becomes a major yield and infra layer.
Individual traders and holders, as opposed to funds, desks, and market makers.
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.
定義は理解の出発点です。詳しい読み物には証拠へのリンクがあります。承認済みの参考資料は毎日順番に更新され、独自の解説には編集上の確認日が表示されます。 新しい研究論文を探す →
Forced buying of shorts as price rips, often accelerated by thin order books and high leverage.