Alice Liu
Work

Research, writing & data.

Flagship reports, the weekly Market Pulse, external columns, and the indices I build at CoinMarketCap.

01Latest

The newest reports, newest first. Weekly Market Pulse editions are in their own section below.

Deflationary by Design: PancakeSwap's Second Act Deserves a Second LookResearch · Aug 2026Read → Tokenized Stocks: The Venue Landscape — CEX vs OnchainReport · 2026Read →
02CMC Market Pulse

The weekly newsletter I write for ~800K subscribers. The latest editions from CMC Research. Subscribe via RSS.

Every edition →
03Flagship Reports & CMC Research

My research at CoinMarketCap — everything published under the CMC Research byline is written by me and my team. The complete library lives at coinmarketcap.com/academy/categories/cmc-research.

CMC Research — the full libraryEvery report and weekly Market Pulse, newest firstBrowse → According to CMCFlagship quarterly reportRead → CoinMarketCap Crypto Yearbook 2024–25AnnualRead → CMC Monthly Exchange Report — August 2026Monthly · CEX volume, flows, reserves & liquidityRead → CMC Monthly Exchange Report — June 2026MonthlyRead → The Pre-IPO Market, On-ChainReport · Jun 2026Read → RWA Perpetuals: State of the Market — August 2026QuarterlyRead → RWA Perpetuals: State of the Market — May 2026QuarterlyRead →
04Newsletters & Recurring Series

The other recurring market reads I built and write.

Market Pulse: TradFi's On-Chain MomentEditionRead → Market Pulse: STRC Death SpiralEditionRead → CMC Asset Watch — Macro + Crypto DigestSeriesRead → CMC20 DTF Weekly Market ReportLinkedIn newsletterRead →
05Articles & External Bylines

Long-form pieces and columns published beyond CoinMarketCap.

Forbes — Contributor ColumnForbes · all articlesRead → Crypto Accurately Priced China's Biggest IPOForbes · Jul 2026Read → The Fed Rate Cut Gamble: Markets Are Betting Big, But Altcoin Season May Not WaitForbes · Aug 2025Read → Institutions to FOMO: Why Ignoring Bitcoin May No Longer Be an OptionForbes · Nov 2024Read → Bitcoin May Shift to a Super Cycle, Breaking the Crypto Market NormForbes · Oct 2024Read → WEF: Blockchain Gaming Under the Microscope — Part 1, Mass Adoption?World Economic ForumRead → WEF: Blockchain Gaming — Part 2, The BubbleWorld Economic ForumRead → WEF: Blockchain Gaming — Part 3, Funding & GuildsWorld Economic ForumRead → WEF: Blockchain Gaming — Part 4, What Lies AheadWorld Economic ForumRead → When Bitcoin Meets InflationWisdomTreeRead → CoinMarketCap AcademyAuthor archiveRead →
06CMC Data Column (中文)

A Chinese-language data column I write under my own byline for Foresight News and PANews — one number, one chart, one argument per piece. The column ranked in Foresight's top five for September 2026.

资金费率落到90天第0百分位，CME持仓一天掉14.78% — Funding hits a 90-day low; CME open interest drops 14.78% in a dayPANews · 30 Sep 2026Read → Coinbase 拿到清算牌照，永续板块反而最弱 — Coinbase gets a clearing licence, yet perps are the weakest sectorForesight News · 30 Sep 2026Read → 资金费率掉到90天第11.1百分位，爆仓只剩880万美元 — A textbook leverage resetPANews · 29 Sep 2026Read → QNT 一天涨 69%，项目方三天没说过一句话 — QNT up 69% in a day, and the team hasn't said a word in threeForesight News · 29 Sep 2026Read → 88% 的爆仓是空单，而卖给 ETF 的是长期持有者 — 88% of liquidations were shorts; long-term holders sold to the ETFsForesight News · 23 Sep 2026Read → BCH 一天涨 33.95%，涨的不是协议，是入场通道 — BCH +33.95%: it's the listing channel, not the protocolForesight News · 23 Sep 2026Read → 比特币站上 50 周均线，但美国资金只投了 610 万美元的票 — Bitcoin reclaims the 50-week MA, but US funds only voted $6.1MForesight News · 21 Sep 2026Read → CLARITY 倒下，账单却记在 XRP 头上 — CLARITY falls, and XRP gets the bill: −8.27% in a dayForesight News · 16 Sep 2026Read → 两场二元事件前，市场不在避险：未平仓合约一周 +12.07% — No hedging ahead of two binary events: OI +12.07% in a weekForesight News · 15 Sep 2026Read →
07Indices & Market Tools

Benchmarks and sentiment tools I build at CoinMarketCap.

Crypto Fear & Greed IndexSentimentView → Altcoin Season IndexRotation signalView → CMC20 IndexTop-20 benchmarkView → CMC20 — Tradable IndexOn-chain DTFView → CMC100 IndexMarket benchmarkView →