Independent research & education — not financial advice. Verify information and your own circumstances before acting.Methodology
BITCOIN INTELLIGENCE
Bitcoin through the macro, flow and derivatives lens.
Price is only one layer. We connect Bitcoin to liquidity, ETF flows, rates, the dollar, derivatives positioning and the broader cycle.
RECENT PRICE SNAPSHOTS
Digital-asset snapshot
Stored server-side with provider and capture time.
KAPORAL ESTIMATED · FREE PRIMARY-SOURCE ENGINE
U.S. spot Bitcoin ETF flow, reconstructed from issuer data.
This is a KAPORAL-derived estimate, not an official consolidated exchange feed. The engine observes changes in issuer-published shares outstanding and multiplies the change by the prior stored NAV. Only funds that pass source and freshness validation are included.
Coverage is intentionally partial.
Missing or blocked issuer data remains missing. KAPORAL does not fill gaps with fabricated values. The latest observation stores the exact fund coverage, source URLs and calculation metadata used for that estimate.
Primary source set (2)
MARKET DATA & PUBLISHED INDICATORS
Verified data, not decorative numbers.
KAPORAL Estimated ETF flow is derived from free issuer-published share counts and prior stored NAV, with explicit fund coverage and source provenance. It is an estimate, not an official consolidated flow feed.
BTC Options Put/Call OImarket
0.59Aggregate put open interest divided by aggregate call open interest.
Recent snapshot · 15-minute collection; provider delay may apply
Deribit
BTC Options Average Mark IVmarket
42.96%Open-interest-weighted average mark implied volatility across listed BTC options.
Recent snapshot · 15-minute collection; provider delay may apply
Deribit
U.S. Treasury 10Ydaily
5.22%10-year Treasury constant maturity rate.
Latest stored release · daily observations
FRED
KAPORAL Estimated U.S. Spot Bitcoin ETF Daily Net Flowdaily
$-5.5MKAPORAL-derived estimate based on changes in issuer-published shares outstanding multiplied by the prior business-day NAV. Fund coverage and primary-source provenance are stored with every observation. No paid ETF-flow API is used.
Latest stored release · daily observations
KAPORAL Derived ETF Flow
U.S. M2 Money Stockmonthly
$23,342.8BM2 money stock.
Latest stored release · monthly observations
FRED
U.S. Broad Dollar Indexdaily
121.38Trade-weighted broad U.S. dollar index.
Older observation — check source · daily observations
FRED
KAPORAL ETF Flow Covered AUMdaily
$67.8BCombined assets under management of funds successfully captured by the free KAPORAL ETF Flow Engine on the observation date.
Latest stored release · daily observations
KAPORAL Derived ETF Flow
KAPORAL ETF Funds Covereddaily
2 countNumber of U.S. spot Bitcoin ETF products successfully captured from issuer-published data for the observation date.
Latest stored release · daily observations
KAPORAL Derived ETF Flow
WHAT THIS DESK COVERS
One lens inside a connected intelligence system.
KAPORAL Estimated ETF flow is derived from free issuer-published share counts and prior stored NAV, with explicit fund coverage and source provenance. It is an estimate, not an official consolidated flow feed.
01Cycle structureExplore long price history →02ETF flowsInspect the estimate and sources →03Macro liquidityExplore money-supply history →04Derivatives positioningInspect derivatives positioning →05Institutional adoptionInspect covered fund assets →06Regulation and market structureRead official source updates →
PUBLISHED RESEARCH
Open research index →Research only appears after approval.
No synthetic headlines.
The public research shelf is currently empty because no flagship investigation has completed the full source, adversarial, standards and human-approval workflow yet. Live data above is operational; editorial publication is a separate gate.
See why we separate data from conclusions →