Cantillon Research — IVT Terminal

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price.
Start reading
institutions.

Institutional Order Flow — Not Signals

Institutions move markets in a sequence — liquidity first, then equities, then risk. By the time price confirms your setup, the institutional position is already built. The IVT Terminal maps that sequence in real time, so you know whether you're entering with the flow or walking into their exit.

View Products The Methodology

Daily Volume Structure Ideas

Daily Market Briefs Published

v13.0 IVT Indicator Build

Cantillon Regime Dashboard ● FULL RISK-OFF

The Framework

Regime first.
Volume second.
Price last.

01 // CANTILLON FLOW

Read the Sequence Before It Reaches Your Asset

Institutional liquidity follows a predictable sequence: from central bank reserves, through bonds, into equities, risk assets, and finally crypto. Knowing where in that sequence the flow currently sits tells you what's next — before price reflects it.

Macro Layer

02 // AVWAP REGIME

The Single Filter That Changes Everything

Price above AVWAP = buy dips. Price below AVWAP = sell rallies. This one rule, applied with discipline, eliminates the majority of counter-trend losses that destroy retail accounts. The regime is the filter. Everything else is noise.

Primary Signal

03 // VOLUME STRUCTURE

Follow the Fingerprints, Not the Shadows

Volume Profile, CVD, compression readings, and confluence scoring reveal what institutions are doing — not what retail thinks they're doing. Distribution looks like rallies. Accumulation looks like weakness. Volume tells the truth that price conceals.

Execution Layer

The IVT Terminal in Action

This is what institutional
analysis looks like.

Every session: regime classification, AVWAP deviation across 40+ instruments, volume compression, and Cantillon flow state — all in one view.

Institutional Volume Terminal — BTC/USD · 4H ● FULL RISK-OFF · BEARISH

V13 Score Dashboard — Full Watchlist 27 instruments · Breadth view

IVT Scanner — Top Setups · Live —

Updated every session. Available to Pro and Elite subscribers.

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Products

One methodology.
Three ways to access it.

From the IVT indicator powering your TradingView charts to the daily brief applying it to 100+ live instruments, delivering institutional-grade analysis across 100+ instruments every session.

// 01 — IVT PRO

Daily Intelligence

The IVT indicator on TradingView + daily market briefs applying the Cantillon framework to live markets, every session.

IVT Indicator access (TradingView)
Daily Cantillon Report brief
Regime classification across 20+ assets
AVWAP levels & confluence scores
Volume compression readings
Cantillon flow state dashboard

$39 /month ↳ $390/year — save $78

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IVT Elite Reports

Deep institutional convergence analysis on high-conviction setups — combining volume structure, fundamentals, and Cantillon flow into a single actionable report.

Everything in IVT Pro
Full Elite Research Reports (PDF)
Volume–Fundamental convergence analysis
Institutional cost basis mapping
Position management framework
Scenario-weighted probability models
Regime reversal trigger identification

$390 /year ↳ or $39/month — save $78 annually

Get Elite Access →

Elite Research

What institutional
analysis actually looks like.

IVT Elite Research Report #2 Feb 13, 2026

NASDAQ: COIN

Coinbase Global — Infrastructure for the Next Financial System

BEARISH · Conf 5/10 ACCUMULATION Flow Partial Convergence

Coinbase presents one of the most compelling structural divergences in markets today — but not in the direction most investors expect. The company is building the definitive infrastructure layer for the next financial system. The long-term thesis is real. The problem is timing.

The VWAP deviation of -2.91% appears modest compared to Bitcoin's -11.81% or Solana's -45%, but this metric must be contextualized. COIN's AVWAP has been resetting lower as the bearish swing matures meaning the institutional reference point itself has been moving down. A -2.91% reading against a falling AVWAP is not the same as -2.91% against a stable one. Below $157.20, the bearish thesis accelerates. The gap between $157 and $139 represents a thin-volume zone similar to air pockets identified in Bitcoin's structure.

Read Full Report Free →

// WHAT ELITE REPORTS CONTAIN

IVT Terminal Dashboard Analysis

Every parameter from the live terminal — VWAP deviation, confluence score, volume compression, stability readings, Cantillon flow state — contextualized for the specific instrument.

// FUNDAMENTAL LAYER

Volume–Fundamental Convergence

Where volume structure and business fundamentals align or diverge. When both point the same direction, conviction is high. When they diverge, the analysis tells you why and what to watch for regime confirmation.

// POSITION FRAMEWORK

Institutional Reference Levels

IVT targets, structural support, risk levels, and the specific triggers that would change the assessment. Not predictions — probability-weighted scenarios with defined conditions for each outcome.

// CANTILLON CONTEXT

Where This Asset Sits in the Flow Sequence

Every report maps the current Cantillon state and how far the liquidity flow has — or hasn't — reached the asset being analyzed. This is the macro filter most analysts completely miss.

Free Intelligence

Read institutional volume.
Free. Every session.

This is what subscribers receive every morning — regime state, instrument readings, and the one setup the IVT Terminal is flagging. No predictions. Just structure.

Chart Specifics — IVT Instrument Readings Sample from March 27 daily brief

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Daily Cantillon Flow State Regime Summary Across Asset Classes IVT Confluence Highlights One High-Conviction Setup

Jesper

Founder · Cantillon Research

The Analyst

Built for traders who are done guessing.

The IVT Terminal wasn't built to predict markets. It was built because most retail traders are reading the wrong signal — price — instead of the actual signal: institutional volume.

After years of applying Austrian economics principles — specifically the Cantillon Effect — to market structure analysis, I built the IVT indicator to systematize what I was seeing manually. Version 13.0 now incorporates the Cantillon Engine v2, Delta-Weighted Volume Profile, VIX macro layer, and a tiered signal architecture that tracks institutional positioning across 100+ instruments daily.

The methodology is simple in principle: regime first, volume second, price last. In practice, it takes discipline. That's what The Cantillon Report teaches — not setups, but a framework for reading markets the way institutions actually move them.

Trade the regime. Never against it.

Volume precedes price. Always.

Sometimes the best trade is no trade.

The Cantillon clock tells you what's next upstream — before it arrives downstream.

Questions

What traders
ask before subscribing.

What exactly is the IVT indicator?

The Institutional Volume Terminal is a proprietary TradingView indicator (v13.0) combining AVWAP regime classification, Delta-Weighted Volume Profile, Cumulative Volume Delta, Cantillon Flow scoring, and a multi-factor confluence engine. It runs on any instrument and timeframe available on TradingView.

Do I need to know volume analysis to start?

The daily brief and indicator are designed for traders who already understand basic market structure. The IVT Masterclass starts from volume profile fundamentals and builds to the full methodology — that's the right starting point if you're newer to institutional analysis.

What assets does the analysis cover?

The IVT tracks 100+ instruments across equity indices (S&P 500, NASDAQ, DAX), commodities (Gold, Oil, Silver), crypto (BTC, ETH, SOL), FX (EUR/USD, DXY), and individual equities including the MAG7 and high-conviction individual names.

What's the difference between Pro and Elite?

Pro gives you the daily application — the indicator, daily brief, and live regime readings. Elite adds the deep-dive research reports: fundamental analysis, volume–fundamental convergence assessments, institutional cost basis mapping, and full position management frameworks for specific high-conviction instruments.

Is this financial advice?

No. All content is educational and analytical in nature. The IVT Terminal identifies structure and regime — it does not make trading decisions. You apply the framework to your own situation, risk tolerance, and capital. Always trade responsibly.

What's the IVT Masterclass?

The Masterclass is currently in development — a complete video course teaching the full Cantillon Research methodology from the ground up. Join the free newsletter to be first notified when it launches, including founding cohort pricing.

Stop readingprice.Start readinginstitutions.

Regime first.Volume second.Price last.