
Bitcoin and global macro research firm.
| Platform | Pricing | Freemium | Publishes | Daily | |
|---|---|---|---|---|---|
| Issues | 676 | Founded | 5 years ago | Last Issue | 6 days ago |
| Active | |||||

Watch now | An Exclusive Update with Checkonchain. Full video now available directly on Substack as well as the traditional private YouTube link.
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Why bitcoin futures, perps, and skew are still whispering bear market
Last week’s letter ended with a promise: dig into bitcoin futures and show why the basis trade looks bleak and represents bear market behavior.
Scary action in global bond markets. G7 meeting in Paris. The AI bubble. US-China relations. One bitcoin chart.
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Discussing US/China relations, and their effects on TBL liquidity, US stocks, and bitcoin.
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Subscribers, engagement, traffic and sponsorship for The Bitcoin Layer.
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How this newsletter ranks in the official Substack charts.
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The writers behind this newsletter.
Founder of The Bitcoin Layer, Author of Layered Money and Bitcoin Age, teaching at USC Marshall School of Business
Dr Michael J. Howell has worked in finance for over 30 years. Formerly Research Director at Salomon Bros where he developed the concept of 'Global Liquidity'. He is author of 'Investing in Emerging Markets' (1995) and 'Capital Wars' (2020).
Ex-civil engineer, turned Bitcoin analyst after falling down the onchain analysis rabbit hole. I am the co-founder of checkonchain, co-author of Cointime Economics, and previously built and led the analyst team at glassnode.
The Bitcoin Layer - Research & Market Analyst
Bitcoin | Financial Markets | Corporate Finance
Bitcoin & Macro
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