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 summarizes crypto derivatives conditions for Bitcoin and Ether through futures yields, perpetual swap funding, at-the-money implied volatility, and options risk reversals. It describes a pullback and recovery in spot prices alongside…
The article explains a futures spread as a paired position in futures contracts on the same asset with different expiries. A spread order book lets a trader buy one expiry and sell another in a single order, trading the price difference between the…
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 podcast summary connects stronger US macroeconomic data and higher Treasury yields with risk reduction across markets, including a crypto selloff through support levels followed by a partial recovery. The speakers discuss competing views on the macro…
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…
This weekly recap surveys derivatives indicators for Bitcoin and Ether during a period of sideways spot trading. It reports that futures yields declined to their lowest levels of 2025 and that Bitcoin funding remained well below its mid-January highs. Ether…
This commentary examines a divergence in crypto derivatives: ETH perpetual swap funding was strongly positive over the reported week, while BTC funding stayed near zero. Funding is a recurring payment between long and short positions intended to keep a…
This explainer distinguishes futures by how they settle at expiry. Cash-settled contracts credit or debit profit and loss against a reference price, while asset-settled contracts require delivery of the underlying asset and payment of the contract value. The…
This weekly analytics recap summarizes bitcoin and ether futures yields, perpetual swap funding, option volatility, risk reversals, and volatility surfaces. Futures yields were positive across maturities, with shorter bitcoin tenors showing higher annualized…
This weekly recap links a strong rally in Bitcoin and Ether spot prices with changes in derivatives positioning. It describes rising futures-implied yields, elevated perpetual funding, and options skew shifting toward out-of-the-money calls. The report…
This weekly market recap interprets futures yields, perpetual swap funding, and options data for Bitcoin and Ether. It reports that both assets had bounced from range lows and were trading near the middle of their recent ranges, while funding stayed around…
This commentary tracks how a spot-market selloff affected indicators of bullish demand in BTC and ETH perpetual swaps and futures. It reports that perpetual funding turned sharply negative during the selloff, then returned to positive but muted levels. BTC…
This weekly review weighs improving crypto prices and derivatives sentiment against macroeconomic risks. It links the market rebound to expectations that recession concerns could slow Federal Reserve tightening, while arguing that inflation, liquidity…
The article explains Deribit’s SOL inverse futures and options, which let traders post SOL as collateral while taking positions tied to SOL’s dollar price. Profit and loss is calculated in dollars and then settled in SOL, unlike USDC linear perpetuals that…
This weekly review links expectations of Federal Reserve tightening to weakness in crypto prices and changing derivatives indicators. It describes the prospect of earlier rate increases and a smaller balance sheet as a threat to liquidity, then reports…
This weekly market recap reviews BTC and ETH futures yields and options implied volatility. It reports that short tenor futures yields weakened, with ETH yields falling below zero at shorter tenors, while longer tenor yields were comparatively steady. It…
This weekly report reviews derivatives positioning and option pricing in Bitcoin and Ethereum. It says perpetual swap funding and futures-implied yields remain well below the leverage extremes before a late-March market flush. Implied volatility fell across…
This weekly market report compares Bitcoin and Ethereum derivatives indicators during a period of recovering spot prices. It uses perpetual funding rates, futures-implied yields, at-the-money implied volatility, and 25-delta risk reversals to describe…
This announcement describes Mercury Digital Assets’ integration with Deribit through its BEACON platform and API. The connection gives professional and institutional traders access to bitcoin and ethereum options, futures, and perpetual swaps. The platform…
The document introduces spread trading as taking a long position in one asset and a short position in another, aiming to trade their relative performance. It applies this idea to crypto cross pairs, where one cryptocurrency is priced against another, and to…
This weekly derivatives report summarizes futures implied yields and option volatility conditions for Bitcoin and Ether. It describes short dated Bitcoin yields turning positive and flattening toward longer maturities, while Ether’s one month yield remains…
This article argues that crypto market stress can create temporary dislocations because many venues lack the trading halts common in traditional markets. It uses the 1987 US market crash and Bitcoin’s May 2021 decline as context, then describes several…
This weekly recap examines Bitcoin and Ethereum derivatives during a macro-linked spot volatility episode. The report describes an inversion of both assets’ implied volatility term structures, with Bitcoin’s front-end volatility subsequently falling below…
This weekly market recap describes how a crypto sell-off affected derivatives pricing in Bitcoin and Ethereum. Short-dated volatility smiles shifted toward out-of-the-money puts, signaling increased demand for downside protection, while at-the-money implied…