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.
12,303 documents
This weekly market commentary tracks BTC and ETH options activity during the sharp May 2021 selloff. It describes short option positions being closed, put and call trades at selected strikes, changes in implied volatility and skew, and the effect of hedging…
This weekly review examines BTC and ETH derivatives during a second sharp rise in spot prices. Short-dated ETH futures yields moved above zero, joining BTC, while positive BTC perpetual funding and stronger ETH funding indicated demand for long exposure.…
This annual review links 2023 crypto volatility and trading volume to market events, then considers risks for the coming year. It describes unusually low realised volatility and weak spot volumes for BTC and ETH, followed by a recovery in both as the spot…
This weekly market review tracks BTC and ETH futures yields, perpetual swap funding, implied volatility, and options skew during a period of weaker spot prices and reduced leverage. Short-dated futures yields fell, especially for BTC, while ETH yields…
This weekly snapshot reviews BTC and ETH futures, perpetual swap funding, options volatility, and volatility smiles after the spot BTC ETF announcement. It reports that implied volatility declined as event risk eased, while the earlier inversion in the…
This commentary reviews BTC, ETH, and SOL options after a September market shakeout. It reports that realized moves generally stayed within implied ranges outside a sharp drop, while ETH front-end volatility fell and volatility carry compressed, reducing the…
This weekly report interprets BTC and ETH derivatives indicators after a rally and subsequent pullback. It describes lower short-dated futures yields and cooling, though still positive, perpetual funding as signs of reduced demand for leveraged long…
This podcast overview describes a discussion of crypto market consolidation and the compression of realized and implied volatility. The listed topics include macro conditions, tariffs, U.S. jobs data, Ethereum price action, and the relative volatility skew…
This market commentary tracks Bitcoin options activity after the spot ETF approval and launch. Initial buying targeted January calls and February–March call spreads, but flows later shifted toward January puts and call unwinds across several expiries. The…
This podcast synopsis connects foreign-exchange moves with the outlook for crypto prices. One speaker argues that weakness in Asian currencies could increase pressure on the Federal Reserve to adopt a more dovish stance than interest-rate markets expect. The…
This market commentary describes a post-holiday surge in Bitcoin spot and call buying as price moved through a resistance area. It cites activity in near-dated calls, longer-dated calls, and call spreads, and notes that much of the buying arrived during US…
This weekly report surveys BTC and ETH derivatives after an ETF-related false alarm. It tracks futures implied yields, perpetual swap funding, option implied volatility, and 25-delta risk reversals. BTC yields briefly rose on ETF speculation before…
This weekly report reviews low implied volatility in BTC and ETH options during summer and discusses trading around a pending spot ETF decision and a Federal Reserve meeting. It describes muted block activity, declining volatility as short-term realized…
This market commentary reads BTC options positioning through changes in near-dated and longer-dated calls. It describes mixed fast-money and fund activity: October calls were added, while risk reversals spanning October strikes were initiated as hedges.…
This weekly commentary interprets BTC and ETH options activity alongside spot price moves. For BTC, the author notes the 60,000 level, a shift in put protection toward the 50,000 strike, and renewed call spread buying. ETH’s move above 2,000 coincides with…
This two-part flow commentary follows Bitcoin and Ether options during a late-September 2022 selloff in US risk assets and a subsequent rebound. It reports demand for BTC puts around nearby strikes, rising put skew, and implied volatility moving above…
The article frames Bitcoin’s outlook around four influences: spot ETF expectations, leveraged futures and options demand, fiat entering through stablecoins, and activity reflected in network fees. It argues that delayed ETF decisions and traders reducing…
This options-flow note describes continued medium-dated volatility buying through call spreads in Bitcoin, with similar trades appearing in Ether. The reported structures buy lower-strike calls and sell higher-strike calls, with delta neutrality maintained…
The article reviews a late-September 2023 crypto options market shaped by fading realized volatility, weak spot momentum, and upcoming macro and ETF catalysts. It connects lower front-end implied volatility with steeper BTC and ETH term structures, while…
This market commentary tracks signs that near-term crypto selling pressure may be easing. It considers Bitcoin’s resilience, falling realized volatility in BTC and ETH, a decline in short-dated implied volatility, and flattening option skew curves. The…
This note interprets a burst of ETH call buying around the January 17 expiry. It highlights purchases of calls at three nearby strikes, with a reported $150 million notional and $6 million in total premium if the trades came from one buyer. Open interest…
This market commentary examines BTC and ETH price action, realized and implied volatility, term structures, skew, option flows, and dealer gamma positioning. It interprets the steepening volatility curves as a preference for longer-dated vega exposure over…
This weekly report compares BTC and ETH market signals using perpetual swap funding, futures implied yields, options volatility, and put-call skew. It describes a brief rise in ETH funding after Ether reclaimed $3,000, alongside futures pricing that…
This weekly market commentary describes how options positioning and volatility changed as Ether approached $2,000 ahead of the planned Merge. It links reduced uncertainty after the Goerli Merge to volatility selling across the curve, while noting that some…