Levolytics Research #11: What Follows a Year of Apathy?
Edition #11 | Written as of December 8th, 2025
Introduction
Welcome to the newest edition of Levolytics Research! The home of actionable data. If you enjoy the research, please subscribe and share our work with friends and colleagues, and follow @levolytics on X, the Everything App.
Market Update
Bitcoin, and the crypto market in general, remains range bound, with choppy and volatile trading conditions
Special Note
Levolytics is now $10/month for paid subscribers. For now this includes our weekly in-depth write up that takes our proprietary metrics to explore the mechanics of the crypto market. In the not so distant future, it will include much more - stay tuned.
Our Take on the Market
Macro Analysis
Over the past few publications we’ve discussed how we believe there have been a flurry of signals indicating that the crypto washout that took place over October and November had capitulatory undertones to it. Today’s article will attempt to complement this previous research with a piece that focuses on the following:
The Crypto Big Picture: what got us to this point, and some macro trends we are tracking internally
The Past 90 Days: Contextualizing the difficulty of Q4 2025
The Response: What we’re seeing since the late November puke to $80,000 BTC
Let’s get into it!
