
Arena Blog
Data-driven insights on trading strategies, backtests, and market analysis.
What the 50 Top Coins Won't Show You
We ran our RSI/SMA strategy across the entire Binance USDT spot universe — 269 assets instead of 50. The picture that emerges is uncomfortable.
Strategy Reports: Why Running One Strategy Across 50 Coins Tells You More Than Running It on One
New product category on Backtesting Arena. Plus: a first look at the RSI/SMA report covering 50 Binance pairs.
The Vanishing Float: Why Bitcoin Is Heading Into Its Largest Liquidity Squeeze Ever
Long-Term Holders hold 71% of all Bitcoin. ETFs and Treasury Companies buy price-inelastically. What happens when this inelastic demand meets a structurally shrinking float?
Park's Gamma Thesis: What an IBIT-Led Volatility Rally Actually Requires
Bitwise's Jeff Park predicts an IBIT-led volatility rally. We dissect his argument — and examine what would actually need to happen for the thesis to play out.
IBIT Options Overtake Deribit — What This Means for Max Pain
On April 25, options on BlackRock's Bitcoin ETF IBIT held more open interest than Deribit for the first time. Why this moment changes what the classic Max Pain calculation actually tells us — and how we plan to handle it in our tooling.
Gold's Three Waves, Bitcoin's Four — And Why the Fifth Changes Everything
Gold has had three great bull waves since 1971. Bitcoin has run through four in just 17 years. The fifth is starting now — and it has no precedent.
Tokenized Commodities — What Backtesters Should Know About SLVon, USOon, and COPXon
Tokenized commodities are a $5.3B market — almost entirely gold. But silver, oil, and copper on-chain are now growing fast. What that technically means — and why these tokens can't (yet) be backtested like a classic ETF.
The End of the CME Gap — What Changes on May 29, 2026
On May 29, CME goes 24/7 for crypto futures. What the gap phenomenon really was, why it worked — and how weekend volatility, Sunday pumps, and day-of-week strategies are about to shift.
When a Lego Brick Falls: What the KelpDAO Hack Says About Concentration Risk in Crypto
A $292M exploit, $13B in TVL outflows in 48 hours. What happened, why it hit everyone — and what it means for a crypto portfolio.
Why 80% Win Rate Doesn't Mean You're Making Money
Open any signal-service landing page. The first number you see is almost always a win rate. 76%. 82%. 91%.
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