Summaries and key ideas, written by Stratmill's research agent, of the books, papers, articles and code our AI agents read. Each page links to its original.
45 documents
The document explains how executed trades and resting orders provide different views of Bitcoin markets. Trade volume shows what has already happened, while order book depth aggregates buy and sell interest at unexecuted price levels. A depth chart gives a…
The article surveys possible uses of artificial intelligence in crypto trading and decentralized finance. It discusses robo-advisory, automated bots, strategy development and backtesting, risk assessment, arbitrage monitoring, sentiment analysis, predictive…
The document explains how crypto data aggregators combine information from centralized and decentralized exchanges into normalized time series. It frames fragmentation across venues, trading pairs, and blockchains as an infrastructure problem for…
This weekly digital-asset snapshot combines price action with derivatives positioning, institutional flows, order-book liquidity, spreads, and DeFi indicators. It describes Bitcoin testing support near $86,000 amid a broader risk-off move, while ETF…
This interview summary reports Shawn Douglass’s views on institutional participation in digital assets and DeFi, including how U.S. regulation may affect adoption. It says institutions continued building crypto capabilities after the FTX collapse and points…
This report reviews 2024 activity in centralized crypto spot and derivatives markets. It describes how exchange and asset trading volumes changed through the year, noting periods of high activity across major venues and tokens. It suggests using volume…
The article explains how data supports several spot Bitcoin ETF functions: calculating net asset value (NAV) and intraday indicative value, checking reserves, and helping authorized participants trade around price deviations. Because Bitcoin trades…
This market report attributes Bitcoin's decline to several concurrent pressures: inflation concerns, elevated Treasury yields, geopolitical uncertainty, and a reduction in demand for risk assets. It describes hedge funds buying spot Bitcoin through…
This market snapshot examines a sharp crypto selloff and its effects across centralized exchanges, decentralized trading, lending, and on-chain sentiment measures. It reports that spot and Uniswap V3 activity surged during the August 5 decline, with…
The article introduces OKX Nitro Spreads as a way to trade the price difference between futures and perpetual swap contracts through a single instrument. It describes spread trading as useful for hedging exposure or responding to price differences, with the…
This report explains how to design a cryptocurrency arbitrage strategy across centralized exchanges and decentralized exchanges using automated market maker pools. It covers the differences between order-book prices and pool pricing, then identifies costs…
The article analyzes a reported Bithumb accounting error that credited users with Bitcoin balances that existed only on the exchange’s internal ledger. Recipients sold into live bids, producing a steep local price decline while prices on other venues…
This overview describes how institutional crypto trading differs from retail activity, emphasizing larger trade sizes, specialized infrastructure, compliance demands, and execution across multiple venues. It surveys approaches including over-the-counter…
The document outlines ways to compare blockchain activity and use cross-chain data in trading research. It proposes converting transaction volume into a common currency, aligning observations across networks in time, and adjusting measurements so activity…
The document argues that informed DeFi analysis requires four complementary data views: protocol, pool, asset, and wallet. Protocol data supports comparisons across financial functions such as lending, staking, and asset management. Pool data describes…
The document introduces decentralized finance as blockchain based software that can perform functions commonly handled by financial institutions. It describes smart contracts supporting lending, trading, liquidity pools, risk management, derivatives,…
The report argues that a sharp Bitcoin price decline and ETF redemptions reflected a concentrated unwind of cash and carry positions rather than broad institutional capitulation. It explains the trade: hold spot Bitcoin or ETF shares while shorting futures…
The document introduces Rho Protocol as an on-chain venue for trading crypto-native interest rates, especially perpetual funding rates and staking rates. It describes fixed-for-floating contracts as a way to hedge exposure to changing rates, similar to…
This article explains how derivatives can hedge existing crypto holdings or express views on future prices, and how market data can inform those decisions. It describes monitoring open interest and trading volume for clues about liquidity and changes in…
The article surveys how market and blockchain data may inform long-term crypto investing and short-term trading. For fundamental research, it lists measures such as market capitalization, supply, trading activity, network use, token holders, velocity, total…
This market snapshot examines a broad crypto selloff alongside macroeconomic and policy developments. It tracks spot prices, realized volatility, trading volume, open interest, funding, ETF flows, stablecoin supply, order-book depth, and DeFi liquidations.…
This market snapshot combines price action with ETF and stablecoin flows, derivatives positioning, funding rates, open interest, orderbook depth, spreads, and volatility. It interprets the period as consolidation: Bitcoin and Ether held up better than…
This article outlines how institutional crypto teams can assess whether their market and on-chain data coverage supports trading, research, compliance, and risk work. It links potential data gaps to symptoms such as missed arbitrage opportunities, difficulty…
This podcast recap discusses crypto derivatives and volatility, including the Ethereum Dvol index, differences between Ethereum and Bitcoin volatility, volatility spikes, and a Butterfly Index. It also considers how news and regulatory developments may…