Reading Bitcoin
A Framework for Interpretation
Reading BitcoinA Framework for Interpretation
Most investors react to price. Reading Bitcoin teaches you to interpret structure.
Published in March 2026, Reading Bitcoin introduces a disciplined framework for understanding Bitcoin's market condition through three variables — Supply, Liquidity, and Ownership. Rather than chasing price movements or following market narratives, the framework identifies the structural forces that determine where Bitcoin is in its cycle and what comes next.
The framework classifies Bitcoin's condition into five Market States — Compression, Accumulation, Expansion, Distribution, and Markdown — each with observable characteristics, transition conditions, and structural implications that price alone will never reveal.
Reading Bitcoin was developed over two years through a rigorous analytical process and has since become the foundation of BTCIntelligence — a platform delivering daily institutional-grade Market State intelligence to subscribers worldwide.
"The next halving cycle will be driven by liquidity management and institutional behavior. Reading Bitcoin gives you the framework to read it." — Roy Balfour de Stadler, Registered Banking Professional and manuscript reviewer
Reading Bitcoin is available on Amazon and in select bookstores worldwide.