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.
9,797 documents
The document explains a change in which in-the-money options first settle into futures contracts, and those futures then settle in cash. It applies initially to linear USDC-settled options, with inverse coin-settled options planned later. The settlement…
This weekly report surveys Bitcoin and Ether derivatives conditions through perpetual funding rates, futures-implied yields, implied volatility, and options skew. It describes Bitcoin volatility as low with a steep term structure and short-dated risk…
This podcast listing previews a discussion of crypto markets amid bond-market uncertainty and tariff concerns. The hosts and guest are described as covering Bitcoin’s resilience near an all-time high, muted volatility as a possible source of trading…
This market commentary compares Bitcoin and Ethereum futures-implied yields to spot prices and options risk reversals around the period following the Beacon Chain staked-ETH unlock. It reports that ETH futures yields had generally been below BTC’s during…
This weekly report surveys crypto derivatives as BTC and ETH rebounded and bearish positioning eased. It summarizes short-tenor volatility skew, perpetual funding, futures-implied yields, at-the-money implied volatility, and option risk reversals.…
This weekly market commentary interprets BTC and ETH derivatives indicators during a rebound after a holiday lull and a burst of geopolitical volatility. It tracks implied volatility, perpetual funding, futures yields, risk reversals, ETF flows, and an…
This weekly review examines subdued Bitcoin and Ethereum prices alongside rising crypto volatility as investors awaited Federal Reserve and other central bank decisions. It links the prospect of tighter liquidity and uncertainty around inflation and the…
This weekly report surveys derivatives indicators for Bitcoin and Ether during a period of changing spot prices. It tracks perpetual swap funding, futures implied yields, at-the-money implied volatility, and 25-delta risk reversals. BTC traded in a…
This weekly review links crypto market conditions to Federal Reserve policy expectations and macroeconomic uncertainty. It argues that volatility had fallen after a widely anticipated rate increase, while options implied volatility stopped rising and options…
This weekly report reviews BTC and ETH futures, perpetual funding, and options markets during a period when ETF application deadlines were expected to matter. It describes a volatility term structure kink beyond the anticipated deadline, which the report…
This weekly market recap surveys BTC and ETH futures yields, perpetual swap funding, and options volatility and skew. It describes positive futures-implied yields and funding rates, which indicate that traders were paying to maintain long exposure. Implied…
This weekly review links crypto price moves to shifting expectations for inflation, central-bank rate hikes, and geopolitical risk. It argues that investors had priced in severe outcomes early, potentially limiting further downside while also constraining…
This weekly report surveys Bitcoin and Ether spot ranges, perpetual funding, futures-implied yields, and options volatility. During the reported week, prices consolidated after an earlier rally. Bitcoin perpetual funding returned to positive territory, while…
The announcement describes a hybrid custody arrangement intended to speed institutional access to Deribit. Under the model, a custodian or brokerage can offer the exchange as a trading venue without first completing a full technical integration. The document…
The document explains a bitcoin cash and carry trade, also called basis trading. A trader buys bitcoin in the spot market and shorts a dated futures contract priced above spot. Because the futures price converges toward the settlement price as expiry…
This weekly market review compares Bitcoin and Ether futures, perpetual funding, and options conditions. It tracks implied volatility term structures and 25-delta risk reversals, alongside annualized futures yields and perpetual funding rates. The report…
This weekly overview describes Bitcoin and Ether derivatives after a September 2024 Federal Reserve rate cut. It reports that spot prices and derivatives sentiment strengthened, while futures implied yields, which had been elevated at shorter maturities and…
This weekly report examines BTC and ETH derivatives through a sharp selloff and subsequent spot-price rebound. It describes a large long liquidation event, declines below reported support levels, and outflows from spot ETFs. Short-tenor at-the-money implied…
This weekly market recap reviews BTC and ETH futures, perpetual swap funding, and options volatility. It reports that ETH futures underperformed BTC over the week before recovering toward spot, while BTC annualized futures yields returned to just above 2%…
The review examines crypto derivatives during a period of geopolitical escalation and tightening liquidity. It compares spot-market declines with option volatility and futures premiums, noting that realized volatility remained near or below implied…
This weekly report compares Bitcoin and Ether derivatives conditions during a strong spot-market recovery. It tracks perpetual swap funding, futures implied yields, at-the-money implied volatility term structures, and 25-delta risk reversals. The report says…
This weekly report compares Bitcoin and Ether derivatives indicators during a period when BTC weakened and ETH performed better in spot markets. It uses perpetual-swap funding rates, annualized futures yields, at-the-money implied volatility, and options…
The article examines Bitcoin’s subdued price and low realized volatility alongside indicators of adoption and investor positioning. Its on-chain discussion tracks addresses with balances, transaction counts, and addresses holding BTC for more than a year. It…
This weekly review links crypto prices and derivatives positioning to changing expectations for central-bank policy. It describes a rebound in BTC and broader crypto prices alongside improving futures premiums and a shift in far-dated options skew toward…