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.
8,116 documents
The document explains liquidation as the forced closure of a leveraged position when available margin can no longer cover losses. It distinguishes long liquidations during price declines from short liquidations during sharp rises, and describes how forced…
The document describes a possible altcoin breakout using falling Bitcoin dominance and the TOTAL3 index, which tracks crypto market capitalization excluding Bitcoin and Ethereum. It identifies a cup-and-handle pattern on TOTAL3 as a bullish signal and…
The article surveys trends in cryptocurrency fund management, emphasizing exchange-traded funds, regulatory developments, retirement account access, institutional demand, and links between traditional finance and digital assets. It describes ETFs as a route…
The article argues that perpetual contracts on real-world assets could offer linear, leveraged exposure to equities, commodities, and foreign exchange. It contrasts this structure with zero-day options, whose time decay and volatility exposure may not suit…
The document surveys sources of cryptocurrency price volatility, including central-bank rate decisions, inflation, geopolitical shocks, market sentiment, liquidations, and the market’s relative immaturity. It uses the unwinding of a yen-funded carry trade as…
This dated market commentary compares Bitcoin and Ether derivatives conditions during a period of falling spot prices. It reports that Ether options implied volatility remained at a 10–15 point premium to Bitcoin across maturities. Short-dated Bitcoin…
This weekly commentary compares Bitcoin and Ether derivatives conditions after Bitcoin reached a new record high and then traded within a range. For BTC, it reports that several directional sentiment measures remained positive, short-tenor volatility smiles…
The article explains how Bitcoin exchange-traded funds provide price exposure through shares traded on traditional exchanges. It distinguishes funds backed by Bitcoin from those using Bitcoin futures and describes the convenience of gaining exposure without…
A strangle combines a call and a put on the same asset with the same expiry and different out-of-the-money strikes. A long strangle buys both options, risking the premiums paid while seeking a sufficiently large move in either direction. A short strangle…
The document surveys ways to reduce downside exposure on cryptocurrency spot holdings with derivatives. It explains protective puts as a way to establish a sale price over a set period, then describes bear put spreads, which lower the premium by selling a…
The document introduces crypto options as contracts that give the holder the right, but not the obligation, to buy or sell at a specified price before expiry. It explains that buyers pay a premium upfront, which caps their loss, and uses a Bitcoin call…
This weekly market commentary interprets derivatives pricing for Bitcoin and Ether as bullish. It reports positive spot yields, options skew, and perpetual futures funding, which it associates with demand for leveraged long exposure and upside options. At…
The document introduces monthly options expiry in Bitcoin and Ethereum markets and outlines concepts traders may monitor around expiry. It describes max pain as the price at which the greatest number of contracts expire worthless, the put/call ratio as a…
The document compares two blockchain platforms aimed at decentralized trading. Monad is described as an EVM-compatible Layer 1 designed for high throughput, low latency, and fast transaction finality, with developer incentives intended to grow its ecosystem.…
The article describes several forces that may shape Bitcoin and broader crypto prices: inflation and interest-rate expectations, Federal Reserve communications, institutional and retail positioning, technical indicators, and seasonal patterns. It frames…
The document explains put options as contracts that give buyers the right, but not the obligation, to sell an asset at a strike price by expiration. It describes how a put gains intrinsic value when the asset finishes below the strike and may expire…
The document describes Metaplanet’s corporate Bitcoin accumulation strategy and its use of BTC Yield, a metric intended to measure Bitcoin growth per fully diluted share. It presents the company’s treasury targets, reported holdings and acquisition cost, and…
This market commentary reviews Bitcoin and Ether futures, perpetual swap funding, and options conditions during a spot-price decline in July 2024. It reports that short-dated implied volatility rose as traders sought downside protection, while options risk…
A long straddle buys a call and a put on the same underlying asset, with the same strike and expiration, often near the money. The position seeks a sufficiently large move in either direction. Its maximum loss is the combined premium paid, while gains can be…
The document explains several measures used to discuss Bitcoin and Ethereum options expiry on Deribit. It defines max pain as the strike where the greatest number of contracts would expire worthless, describes put-to-call ratios as a rough sentiment gauge,…
This guide walks Singapore users through selecting and placing a crypto options order in the OKX app. It describes navigating to the options screen, switching between BTC and ETH contracts, and reviewing a contract’s call or put type, strike, and expiry. The…
This beginner-oriented guide explains how options can offset adverse moves in crypto holdings while preserving some exposure to favorable moves. Its central example is a protective put: a trader holding spot Bitcoin buys a put with a chosen strike and…
This weekly market commentary interprets Bitcoin and Ether derivatives positioning during a spot-price recovery amid upcoming macroeconomic releases. It reports that futures yields were positive and rising, with short maturities strengthening enough to…
The guide explains that Bitcoin can be bought, held, sold, and used in the UK, while it is not legal tender and is generally treated as a cryptoasset or property. It summarizes the roles attributed to the Financial Conduct Authority and HMRC: FCA…