Resumos e ideias principais, escritos pelo agente de investigação da Stratmill, dos livros, artigos científicos, artigos e código consultados pelos nossos agentes de IA. Cada página inclui uma ligação para o original.
1,232 documentos
This primer explains leverage as position value relative to account equity, then shows how market moves change that ratio: gains can reduce leverage while losses increase it. It stresses that leverage does not determine a trade’s profit or loss; position…
This article explains the single-vault model used by SushiSwap’s BentoBox and Balancer V2. A shared vault holds tokens and manages balances, while separate pools or applications provide functions such as automated market making, lending, and trading. The…
This market note interprets recent crypto price action through realized and implied volatility, options skew, and the ETH/BTC cross. It reports compressed realized volatility over the holiday period, broadly stable to slightly higher Bitcoin implied…
This podcast episode frames a debate over Bitcoin’s role in markets: whether it can hedge inflation and currency debasement or behaves more like a high-beta asset correlated with stocks. The listed discussion topics include volatility, stablecoins, Federal…
This weekly report describes how a recovery in BTC and ETH spot prices affected derivatives indicators. It says delivered volatility remained high, lifting short-dated implied volatility and inverting the volatility term structure. Annualized futures yields…
The commentary argues that BTC options volatility may be cheap ahead of a busy macroeconomic calendar. It attributes recent volatility compression to heavy short-dated call selling, including reported options flow concentrated near at-the-money strikes.…
This guide describes how to use a derivatives metrics page to inspect futures, options, and individual instruments against an underlying index. The futures views include open interest, contract premiums over the index, and perpetual funding alongside index…
The document explains a block-trading workflow for institutional crypto derivatives. Traders negotiate futures, options, or combinations privately with chosen counterparties through a communication platform; once agreed, trade details go to an exchange for…
This market note describes a sharp crypto selloff and the resulting repricing of volatility in Bitcoin and Ethereum options. It reports that a rapid Ethereum decline lifted realized and implied volatility, with short-dated implied volatility spiking and then…
This article compares optimistic and zero-knowledge rollups as ways to scale Ethereum. Both batch off-chain transactions and rely on Ethereum for settlement and data review, but they validate batches differently. Optimistic rollups accept batches unless…
This commentary examines Bitcoin options activity around a presidential debate and upcoming US inflation data. It reports that a strong spot-market rebound drew little apparent call buying from fast-money traders or funds, while one continued purchase of…
This market commentary interprets Bitcoin options activity as the asset approaches its record high amid nearly $1 billion in ETF inflows and the approaching US election. It describes mixed positioning: traders took profits on in-the-money calls, sold some…
The article explains perpetual futures, where periodic funding payments encourage the contract price to track an underlying index, and compares decentralised order-book venues with automated market makers. It focuses on a virtual AMM design in which traders…
This weekly market recap describes how a risk-on rally affected BTC and ETH derivatives. It reports a sharp ETH spot advance alongside BTC regaining a major price level, and tracks associated changes in perpetual funding, futures implied yields, at-the-money…
The document outlines a bearish, limited-risk BTC options position built from three put strikes. It buys one put at the higher strike, sells two puts at the middle strike, and buys one put at the lower strike. The example targets BTC near the middle strike…
The report reviews June 2023 volatility in BTC and ETH, comparing one-month at-the-money implied volatility with recent realised volatility and spot trading volume. It describes a pause in the prior decline in implied volatility as spot activity and…
This commentary compares at-the-money implied volatility with the pricing of deep out-of-the-money options in BTC and ETH after the November 2022 market crisis. It tracks 30-day ATM implied volatility, SABR volatility of volatility, and volatility smiles.…
This market commentary surveys a mixed week for Bitcoin and broader crypto assets. It notes weak direction, changing correlation with gold, low correlation with equities, and uncertainty in traditional markets. Crypto-specific discussion links subdued…
This commentary examines a period of historically low realized and at-the-money implied volatility in Bitcoin options, alongside a move toward a more neutral volatility smile. It describes daily 30-day ATM implied volatility and rolling realized volatility,…
This weekly review links crypto market conditions to the Federal Reserve’s policy announcement, changes in volatility and options sentiment, tightening liquidity, inflation concerns, and year-end derivatives expiry. It reports that Bitcoin and Ether…
The article presents a bear put spread as a defined-risk way to express a view that Bitcoin may decline. The example buys a put at a higher strike and sells a put at a lower strike with the same expiration. The premium received from the short put reduces the…
This comparison explains how Bitcoin options on Deribit differ from options tied to U.S. spot Bitcoin ETFs, including IBIT options and Cboe’s ETF index options. It covers the underlying products, exercise styles, contract sizes, collateral, settlement,…
This weekly report surveys Bitcoin and Ether derivatives conditions after Bitcoin moved above $100,000. It describes moderately bullish signals across markets, including call-biased options skews and positive futures-implied yields, while noting that…
This analysis explains EIP-1559’s proposed fee mechanism and evaluates it against goals for fee predictability, flexible block capacity, network security, and reducing economic abstraction. Users specify a maximum fee and a tip, while the protocol sets a…