Introducing Swissblock Insights
8 March 2023
Dear subscribers,
We are happy to announce that Uncharted is now under the umbrella of Swissblock Insights. This will mean two important changes:
A rebranding from Glassnode Uncharted to Swissblock Insights (including Swissblock Uncharted)
A broader set of publications offered directly here on Substack
As part of Swissblock Insights, the value of our publications to active crypto market participants will multiply.
The Crypto Compass will provide a more frequent window into key Swissblock trading signals and metrics, such as the Bitcoin Risk SIgnal, and dive further into factor analysis moving crypto prices.
The Cross-Asset Compass will provide cutting-edge insights into the interplay between equities, fixed income, commodities, and crypto.
The Uncharted Lite will appear on alternating weeks to classic Uncharted publications and will feature short, macro-rich insights for the week.
These analyses will be backed by a wider team of Swissblock’s own hedge fund researchers, crypto experts and quants focused on providing actionable insights. This revamp is also setting the stage for higher tiers of more specialized signal and strategy provision. We’ll keep you posted.
Rebranding
Swissblock’s team will take the reins on the Uncharted, we will rebrand this Substack domain from glassnode.substack.com to swissblock.substack.com, and you will see this new branding reflected across publications. Swissblock and Glassnode are sister companies, both co-founded by Yann & Jan, the original author team of Uncharted.
Swissblock is a quantitative hedge fund with a focus on crypto, which has been working behind the scenes to build its Swissblock Insights arm, and you have already seen part of our proprietary metrics and signals, such as the Altcoin Cycle Signal and the Bitcoin Risk Signal, alongside the core Glassnode visuals. The Swissblock team will offer a higher frequency of informative crypto metrics and macro coverage closely informed by what is profitable for the hedge fund’s operations.
New publication offering
So far, you have received the Uncharted publication every couple of weeks. We are now introducing a new cadence of multiple outputs per week for you, which will be informed by Swissblock’s team of sharp researchers, macro experts, as well as crypto investors, and quants.
Below is a brief introduction, along with the thumbnails that will help you distinguish them:
The Swissblock Crypto Compass
The Swissblock Crypto Compass is a short publication that will help you stay on top of key developments in our crypto metrics between Uncharted publications and contextualize the information under our proprietary framework. It will feature “Four Key Takeaways” that will be expressed by four information-dense charts and brief bullet points explaining the key insights from each Takeaway chart concisely. All in all, it should not take more than a minute or two to consume and should provide a unique context for your crypto trading decisions.
Below you find a sample chart, including key insights in bullet point form, from a Swissblock Crypto Compass.
Sentiment turns cautious as bitcoin fights to hold the $22k support level, the Risk Signal increases, and the market lacks momentum. BTC, Large, Mid, and Small caps impulse signals are at 0.
Explosive moves in altcoins are limited to those that have a higher upward move for the downward move (higher relative beta), and for those breaking resistance levels (breakout). Unlike last week, high volatility and chasing volume are costly.
The Swissblock Cross-Asset Compass
The Swissblock Cross-Asset Compass will have a similar format to the Swissblock Crypto Compass. With the help of four charts and associated key insights, it will dive deep into the structure of the primary components of the economy equities, fixed income, commodities, and crypto. All markets tell a story, it’s about combining different perspectives and telling the complete story. This report will be a quick weekend read that will help you understand markets and the synergies between them.
Below you find a sample chart, including key insights in bullet point form, from a Swissblock Cross-Asset Compass.
Bounce in the DXY (the dollar index) has reached 105.3 and pulled back just slightly from that level this week. The bounce may likely continue to the 106-107.8 area before the DXY takes a larger tumble as wave c of wave B develops down towards the 91-93 area.
Long term the chart suggests that we see 120 and return to the top from 2001-02 before a major top and reversal for the coming many years.
Uncharted
You know the Uncharted well by now: It is our longest publication, as it goes beyond the charts and offers a unique view of the crypto market, drawing from Glassnode data and SBT’s proprietary metrics. It places crypto in the wider context of macroeconomic indicators and investor sentiment.
Uncharted Lite
Now, in the weeks between two Uncharted reports, there will be a Compass-length Uncharted Lite publication, which offers the key insights we would include in an Uncharted: A view on Bitcoin’s State of the System in the augmented macro context. In less than a three-minute reading time, the key insights from a traditional Uncharted will be compressed into four key charts defining the previous week and giving clues for what to expect in the week ahead.
Below you find a sample chart, including key insights in bullet point form, from an Uncharted Lite.
Bitcoin’s bullishness faded as we move away from the bullish quadrant extreme since last week. Momentum is gradually weakening and the Risk Index continues to increase as macroeconomic headwinds strengthen.
The altcoin dominance is weakening as per the Altcoin Cycle Signal, yet we can continue to see explosive moves in specific altcoins if bitcoin holds above $21.9-$22k. The market structure is similar to the slowdowns in mid-late 2020 and 2021.
Same Price for More
We will keep the same pricing for this Substack offering while considerably increasing the frequency of insights and the density of proprietary information from Swissblock Technologies. The featured signals play a role in SBT’s day-to-day trading and may offer valuable inputs for your decisions.
For our free subscribers: We will keep the first chart of every Compass report open for you and the occasional full Compass for paid subscribers. If you have any thoughts, each report will have room for you to provide feedback, both by clicking 👍 or 👎 and by making a click or two in the linked Typeform.