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.
4,510 documents
This commentary interprets a sharp Bitcoin rebound through changes in listed options activity. Traders sold protective puts around $75,000–$78,000 and bought calls with strikes from $85,000 to $100,000 as spot rose from $75,000 to $85,000. The author also…
This market commentary examines Bitcoin and Ethereum options amid low realized volatility and changing sentiment. It discusses the volatility term structure, the relative pricing of ETH and BTC volatility, option skew, trade flows, and dealer gamma. The…
This market commentary contrasts two kinds of Bitcoin options activity in July 2021. It interprets purchases of distant, deeply out-of-the-money puts as possible medium-term crash protection, while noting alternative explanations such as structured-product…
This weekly commentary interprets Bitcoin options positioning during a sharp price decline in June 2021. It describes short-covering and profit-taking around a major expiry, alongside fund demand for calls at strikes above spot across July, August, and…
This podcast summary reviews a volatile crypto market week through macro events and options positioning. The speakers discuss central bank signals, a Swiss rate cut, expectations for broader monetary easing, slowing exchange traded fund inflows, and selling…
This podcast overview connects a possible crypto market advance with monetary policy expectations, equity strength, liquidity, and subdued volatility. The hosts and a derivatives-market guest discuss the prospect of a Federal Reserve cut, Bitcoin…
The article reviews how a political shock and crypto-specific developments affected Bitcoin and Ether prices and options markets. It reports that realized volatility had eased while implied volatility rose, putting both assets into positive carry. The author…
This market commentary links the post-election crypto rally to expectations of friendlier US policy and institutional participation. It describes higher front-end volatility, inverted volatility curves, and different skew patterns for Bitcoin and Ethereum.…
This weekly market note interprets Bitcoin and Ethereum options activity amid lingering concern about downside risk. It highlights a seller of a June 25 Bitcoin put at 36,000 and buyers of June 25 calls at 50,000 and 52,000. The author also describes…
This weekly report surveys BTC and ETH derivatives after a post-election rally. It interprets futures yields, perpetual funding, option skew, and at-the-money implied volatility as indicators of stronger bullish sentiment. According to the report, yields and…
This podcast episode description outlines a discussion of tariff announcements and their relationship to crypto market sentiment. One speaker observes that Bitcoin appears less reactive to tariff threats than it had been a week earlier, while falling bond…
This weekly report tracks crypto derivatives indicators around a rising-volatility period and a higher-than-expected US inflation reading. It describes how option volatility smiles shifted toward out-of-the-money calls, futures-implied yields rose to levels…
The commentary examines a difficult month for crypto, contrasting BTC and ETH losses with larger declines across altcoins. It argues that this was not simply higher beta: many altcoins also lagged during the earlier rally, pointing to weak relative demand…
This podcast synopsis outlines a discussion of Bitcoin and Ethereum market conditions, with attention to on-chain data, institutional demand, and long-term holder profit-taking. The guest from Glassnode discusses how blockchain activity is labeled and…
This weekly market recap reviews Bitcoin and Ether options conditions using Block Scholes indicators and volatility data. It reports that implied volatility remained elevated, while the sharp inversion in volatility structures had eased compared with the…
This podcast episode discusses the crypto market response to a Federal Reserve rate cut and new Chinese stimulus measures. The guest, Truflation’s founder, explains the project’s aim to provide real-time macroeconomic data using blockchain, and contrasts…
This market commentary considers how Bitcoin’s approach to a previous all-time high could affect crypto assets. It cites four earlier occasions when Bitcoin came within 10% of that high; in each, price later moved above it, and three reached the prior level…
The article examines whether Bitcoin’s historical pattern of sharp rallies and collapses followed by renewed growth may be weakening. It attributes the earlier cycle to three influences: supply changes around halvings, global liquidity movements, and…
This explainer introduces options time value and implied volatility through an example of a far out-of-the-money Bitcoin call. It distinguishes intrinsic value from the premium buyers pay for the possibility of a large move before expiry. Implied volatility…
The review examines October 2023 crypto options pricing alongside spot moves in Bitcoin and Ethereum. It compares implied and realised volatility, including the BTC-to-ETH volatility ratio, and tracks how demand for upside exposure shifted options skew…
This weekly report reviews BTC and ETH derivatives as crypto prices weakened against steadier US risk-on equities. It describes BTC breaking below a previously observed support level, declining sentiment, deeply negative BTC perpetual funding, and volatility…
This market commentary describes crypto options positioning as traders anticipated the start of spot ETH ETF trading. It reports resilient bullish sentiment despite negative headlines, falling realized and implied volatility, and steeper contango in ETH’s…
This weekly market recap describes a steep decline in precious metals followed by a crypto selloff, with Bitcoin revisiting a cited price level and liquidations reaching their highest level since a prior episode. It uses perpetual funding, futures-implied…
This market recap describes a sharp rally in Bitcoin and Ether following a disruption to the summer volatility lull. It associates the move with a government bond buyback announcement, renewed discussion of a debasement trade, and political attention to…