# Bitcoin Hashpoint

> Structural analysis of Bitcoin: the power law, the flows, and the balance sheets. Written by Dennis W. Davis.

## Latest edition

- [The Hashpoint for October 24, 2026](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-24/): STRC Climbs 71 Cents as the Funds Pull $138 Million

## The Long Game

- [The Long Game: The Longest Game](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-19-long-game/), October 19, 2026: The Longest Game
- [The Long Game: The Snake That Eats Its Tail](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-17-long-game/), October 17, 2026: The Snake That Eats Its Tail
- [The Long Game: Don't Trust, Verify](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-15-long-game/), October 15, 2026: Don't Trust, Verify
- [The Long Game: The Coiled Spring](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-13-long-game/), October 13, 2026: The Coiled Spring
- [The Long Game: The Empire's Back Office](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-11-long-game/), October 11, 2026: The Empire's Back Office
- [The Long Game: The Buyer Who Caught the Fall](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-09-long-game/), October 9, 2026: The Buyer Who Caught the Fall
- [The Long Game: Salvation Today](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-07-long-game/), October 7, 2026: Salvation Today
- [The Long Game: The Ounce and the Suit](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-05-long-game/), October 5, 2026: The Ounce and the Suit
- [The Long Game: The Ultimate Resource](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-02-long-game/), October 2, 2026: The Ultimate Resource
- [The Long Game: The Slow Run](https://bitcoinhashpoint.com/the-hashpoint-for-2026-09-30-long-game/), September 30, 2026: The Slow Run
- [The Long Game: Introducing the Hashpoint Fear & Greed Meter](https://bitcoinhashpoint.com/the-hashpoint-for-2026-09-29-long-game/), September 29, 2026: Two Needles, One Gap
- [The Long Game: You Are Here](https://bitcoinhashpoint.com/the-hashpoint-for-2026-09-27-long-game/), September 27, 2026: You Are Here
- [The Long Game: The House That Keeps Getting Cheaper](https://bitcoinhashpoint.com/the-hashpoint-for-2026-09-25-long-game/), September 25, 2026: The House That Keeps Getting Cheaper

## The Book of Blocks

- [The Book of Blocks: The Last Thing He Asked](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-21-book-of-blocks/), October 21, 2026: The Last Thing He Asked
- [The Book of Blocks: The First Price](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-14-book-of-blocks/), October 14, 2026: The First Price
- [The Book of Blocks: The First Block](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-07-book-of-blocks/), October 7, 2026: The First Block
- [The Book of Blocks: Myth, in the Old Sense](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-01-book-of-blocks/), October 1, 2026: Myth, in the Old Sense

## Editions

- [The Hashpoint for October 24, 2026](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-24/), October 24, 2026: STRC Climbs 71 Cents as the Funds Pull $138 Million
- [The Hashpoint for October 23, 2026](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-23/), October 23, 2026: Yields Drop 18 Basis Points and Bitcoin Falls Anyway
- [The Hashpoint for October 22, 2026](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-22/), October 22, 2026: STRC Clears $99 Before Oil Takes Bitcoin Back
- [The Hashpoint for October 21, 2026](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-21/), October 21, 2026: Supply Pressure Tops 2.0 a Day Before September Exits
- [The Hashpoint for October 20, 2026](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-20/), October 20, 2026: Strategy Puts $8.74 Into STRC for Every Bitcoin Dollar
- [The Hashpoint for October 19, 2026](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-19/), October 19, 2026: September 21's $999 million leaves the ETF window Thursday
- [The Hashpoint for October 18, 2026](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-18/), October 18, 2026: Six September days carry the whole ETF bid
- [The Hashpoint for October 17, 2026](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-17/), October 17, 2026: Strategy holds STRC at 12 percent and it drops $1.81
- [The Hashpoint for October 16, 2026](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-16/), October 16, 2026: STRC stalls at 99.53 as MSCI dates Strategy deletion
- [The Hashpoint Special Edition: Every Theory, Side by Side](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-15-special/), October 15, 2026: The Theory Lab Opens
- [The Hashpoint for October 15, 2026](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-15/), October 15, 2026: Yields break lower and Bitcoin falls anyway
- [The Hashpoint for October 14, 2026](https://bitcoinhashpoint.com/the-hashpoint-for-2026-10-14/), October 14, 2026: STRC closes ten cents from par as hike odds halve

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