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.
1,747 documents
This report examines whether increases in Bitcoin mining difficulty coincide with changes in options pricing. It proposes that miners facing tighter margins may sell out-of-the-money calls to raise near-term income. The report uses the SABR smile’s Rho…
The article examines how Bitcoin markets responded to the announcement of a U.S. strategic Bitcoin reserve. It describes a sharp decline in implied volatility after the news, largely unchanged open interest in perpetual futures, and options activity…
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 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…
In this podcast discussion, a crypto trader describes adapting from traditional finance habits toward crypto’s momentum and trend-following behavior. The conversation covers his path into the market, moving from spot exposure to perpetual futures, and…
The commentary examines Bitcoin derivatives around a report that the SEC might delay spot ETF approval. It describes how the rumor circulated amid elevated leverage, funding, and positive sentiment, alongside a sharp Bitcoin decline. The author says bullish…
This market review tracks a sharp Bitcoin breakout and the related moves in Ether, using options volatility, skew, term structure, block trades, funding, and liquidation data. It describes implied and realized volatility rising, call skew strengthening as…
This guide explains how USDC-collateralized linear perpetuals differ from BTC-collateralized inverse contracts. Both can express exposure to a cryptocurrency against the dollar, and equivalent positions can produce the same dollar profit or loss. Their…
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 podcast listing outlines a discussion of crypto rates derivatives and market conditions. Its guest, the founder of Rho Labs, describes a platform offering rates products to more sophisticated clients. The listed topics include volatility in perpetual…
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%…
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 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 commentary examines a BTC and ETH spot selloff through changes in options implied volatility, perpetual swap funding, and open interest. It reports that one-month at-the-money implied volatility rose from a subdued trend, while perpetual funding turned…
The note describes a large, long-inactive Bitcoin address transferring 80,009 BTC to Galaxy, which then moved at least 70,000 BTC to exchanges. The author treats this as a possible sale overhang. Perpetual futures funding briefly turned negative, triggering…
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 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 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…
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…
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…