Most people only see price after it has moved. The Tape shows what is waiting before price gets there, and then tells you what actually happened when it did.

It opens to Alpha Insiders on 29 October. Here is what is inside. The images below are mock-ups with made-up numbers, so you can see the layout without us giving away live levels.


1. Order book walls, and what happened at them

Every big Bitcoin buy and sell wall across five spot exchanges (Binance, Coinbase, Kraken, Bitstamp and Bitfinex), with the live price pushed to the page. Green and red bands show which side is waiting.

When price reaches a wall you get a flash saying what happened: filled, pulled or pushed through. Every flash says whether it is short term or long term, and carries its own track record.

Order book walls on The Tape, mock-up
Mock-up, illustrative data.

2. Forced exits, and who is behind them

Where leveraged traders on Hyperliquid would be closed out by force, drawn on the chart. Hover a line and you see how many accounts sit behind it and how much of it is one trader.

That matters because one whale can add money or close a position and the level is gone in a click. A crowd at the same price is much harder to move. When a level is reached it stays on the chart, dimmed, showing how much was actually forced out.

Hyperliquid forced-exit levels with account counts, mock-up
Mock-up, illustrative data.

3. Nine swing setups, scored in public

Nine weekly setups, ranked by their record. Each one is marked long term, and its result is posted when it is decided: passed or failed, misses included. Anyone can check the record.

Swing setup board with passed and failed results, mock-up
Mock-up, illustrative data.

4. New: Box Analogues

Bitcoin's history cut into 30-week boxes, each shaded by where the cycle stood when it opened. The real paths of past boxes that opened at a similar position are drawn from today's box, with their worst point, their outcome and the base rate beside them.

Analogues, not odds. It is a way to see the range of what has happened before from the same spot, not a forecast.

Box Analogues mock-up with past 30-week paths
Mock-up, illustrative data.

5. In your pocket

A morning read with the day's map, an evening read that checks it against what price actually did, and flashes in the Alpha Insider Telegram when something happens at a level that matters.

Telegram flashes for Alpha Insiders, mock-up
Mock-up, illustrative data.

Who gets it

Alpha Insider and above, from 29 October.

The Tape · opens 29 October

See what is waiting before price gets there, then judge the record yourself.

Join Alpha Insider


The Tape is a research tool. It describes what orders, positions and price did; it is not a signal, a forecast or financial advice, and past records do not guarantee future results. Crypto is volatile and you can lose money. Do your own research and only risk what you can afford to lose.