Tag: secondary markets

Cover artwork (cover.png) for the article titled The Shadow Engine of Markets: Understanding Derivatives, Perpetuals, Futures, and Options.

The Shadow Engine of Markets: Understanding Derivatives, Perpetuals, Futures, and Options

Derivatives are not mere side bets. They are the shadow engine of markets — the hidden machinery of futures, perps, options, and ETFs that reshapes liquidity, andlifies risk, and choreographs price itself. To read markets well is to see beyond candles and charts, and to listen for the gears turning beneath them.

12 min read
Cover artwork (cover.png) for the article titled The Depths of the Market: Understanding Liquidity and the Order Book.

The Depths of the Market: Understanding Liquidity and the Order Book

In this third entry of the Understanding Market Mechanics series, we move beneath the surface of charts and candles into the bloodstream of the market itself: liquidity. From stop runs and iceberg orders to liquidity pockets, fair value gaps, price discovery, and reversion to the mean, this post explores how liquidity shapes every move. The market is not random—it is choreographed. Learn to read the current, and price stops looking like noise and starts speaking as a language.

10 min read
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