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
This weekly report reviews BTC and ETH derivatives during a period when spot prices had stabilized after a rally. It compares annualized futures premiums, perpetual swap funding, at-the-money implied volatility, volatility surfaces, and 25-delta put-call…
This weekly BTC and ETH derivatives report surveys futures-implied spot yields, perpetual swap funding, at-the-money implied volatility, volatility surfaces, and 25-delta put-call skew. It reports that futures yields remained positive but moved toward zero,…
This weekly recap summarizes BTC and ETH derivatives conditions, combining perpetual swap funding, futures implied yields, and options indicators. It describes BTC and ETH spot prices as rangebound for the week after a large liquidation earlier in the month,…
This weekly recap describes how military escalation involving Iran, Israel, and the United States affected BTC and ETH spot prices and derivatives positioning. The report tracks implied volatility term structures, perpetual funding, futures-implied yields,…
This weekly recap tracks BTC and ETH futures, perpetual funding, and options during a pause in a broader decline in risk appetite. It reports that futures yields continued to fall and funding stayed negative, while the options market’s preference for…
This weekly market recap interprets BTC and ETH derivatives data alongside spot-market conditions. It connects weak spot prices and ETF outflows with futures trading below spot, neutral-to-negative perpetual funding, and options skew that favors puts. The…
This review traces the FTX failure from early doubts about its finances through withdrawals, a liquidity halt, and bankruptcy. It argues that market fragility had built up after earlier institutional losses: locked or illiquid investments created funding…
This weekly market review examines how a broad selloff affected Bitcoin and Ether spot prices and derivatives. It tracks futures yields, perpetual swap funding, at-the-money implied volatility, and 25-delta option risk reversals, with additional views of…
This weekly market recap describes conditions in Bitcoin and Ether futures, perpetual swaps, and options. It compares annualized futures yields and funding rates, then reviews at-the-money implied volatility, 25-delta risk reversals, volatility surfaces, and…
This weekly report reviews Bitcoin and Ethereum derivatives during a spot price rally. It describes rising annualized futures yields and positive perpetual swap funding as signs of stronger bullish positioning, while implied volatility remained within a…
This weekly snapshot summarizes BTC and ETH derivatives conditions using perpetual funding, futures implied yields, at-the-money implied volatility, and options risk reversals. It reports BTC trading within a narrow band near its recent high after a brief…
This weekly market report reviews Bitcoin and Ether derivatives during a period of macro and geopolitical uncertainty. It compares perpetual swap funding, futures-implied yields, at-the-money implied volatility, and options risk reversals. The report…
The article describes exchange combo orders that package multiple futures or options legs into a single order book and execution. It demonstrates a futures calendar spread: selling the farther dated contract and buying the nearer one when the trader expects…
This weekly snapshot reviews Bitcoin and Ether derivatives conditions using futures yields, perpetual swap funding, option implied volatility, risk reversals, and volatility surfaces. It reports positive futures yields, with Bitcoin’s annualised curve…
This weekly market recap describes several Bitcoin derivatives conditions: futures term structure flattened and turned negative at a 30-day tenor, while annualized implied futures yields fell notably below spot at short maturities. It also reports that an…
This podcast overview outlines a discussion of macro conditions and their possible effects on stocks and crypto. Topics include tariff rhetoric, the upcoming Federal Reserve decision, a weaker US dollar and falling yields, Bitcoin’s near-term direction, and…
This weekly report summarizes BTC and ETH futures, perpetual funding, and options conditions after a spot selloff pushed prices toward the lower end of a sideways range. It says futures-implied yields were near recent lows, BTC funding was intermittently…
This weekly market recap compares Bitcoin and Ether derivatives using futures implied yields, perpetual swap funding, at-the-money implied volatility, and 25-delta risk reversals. It describes rising volatility, a front-end inversion in volatility term…
This market commentary argues that reduced cash liquidity and attractive yields on deposits and short-term government debt were contributing to low volatility and weak crypto trading activity in September 2023. It proposes a mechanism: when cash earns a…
The document announces Deribit’s planned HYPE derivative listings: a USDC perpetual first, followed by options and dated futures. It gives the scheduled launch dates and initial expiry mix for the dated products, as well as contract details including…
This weekly market recap tracks crypto derivatives conditions using futures-implied yields, perpetual swap funding, and BTC and ETH options metrics. It describes a brief spot rally alongside falling implied volatility, a temporary shift in options risk…
This exchange update describes combo trading fee discounts and changes to initial margin rules. For options combos containing buys and sells, Deribit waives fees for the cheaper side; same-direction option legs do not qualify. Futures and perpetual combos…
This report compares BTC and ETH futures yields and option volatility around the Ethereum Merge. For BTC, annualized implied futures yields across maturities shorter than one year were reported within a narrow range around zero. BTC at-the-money implied…
This weekly recap tracks BTC and ETH derivatives after a sharp market decline and a period of extreme risk aversion. It describes demand for out-of-the-money puts and short-dated protection, followed by tentative improvement as prices moved sideways. BTC…