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05 Oct 2026
Few buyers, even fewer sellers
A year after the ATH, BTC looks to have bottomed early. Sellers are exhausted, long-term holders are in control and boring price action hides a buoyant drift. We see a buyers' market and stay fully allocated.
24 Jun 2026
K33 Podcast: Ahead of the Curve
Not every day leaves enough time to read a full market report. If you prefer to stay informed while commuting, traveling, or between meetings, you can now listen instead.
22 Dec 2025

2025 - Year in Review

The past year has been a conundrum. Fundamentals are stronger than ever, yet BTC has underperformed major asset classes. When prices and fundamentals diverge, opportunities arise, and we believe 2026 sets the stage for a strong BTC resurgence.

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