Athenum Analytics
Krypto-PnL-Rechner: So berechnest du Gewinn, Verlust und ROI bei Futures-Trades
Krypto-Futures-PnL ist einfach die Preisänderung mal Positionsgröße, bei Shorts mit umgekehrtem Vorzeichen. Hebel verändert nur deine Margin, nicht deinen Dollar-Gewinn. Diese Anleitung zeigt jede Zeile der Mathematik mit durchgerechneten BTC-Beispielen für Long und Short, inklusive Gebühren und Funding.
Athenum Analytics
Krypto-Margin-Rechner: Required Margin berechnen, Isolated vs. Cross und Liquidationspuffer
Die Required Margin ist dein Positionsnotional geteilt durch den Hebel, die Maintenance Margin das Notional mal MMR. Wir zeigen dir am 1-BTC-Beispiel, wie du beide Zahlen, deinen Liquidationspuffer und den Unterschied zwischen Isolated und Cross Margin vor dem Trade berechnest.
Athenum Analytics
Krypto Hebel-Rechner: Liquidationspreis, Margin und PnL richtig berechnen
So berechnest du Margin, Liquidationspreis und Netto-PnL für gehebelte Krypto-Positionen, mit einem durchgerechneten 10x-BTC-Long-Beispiel. Inklusive der Formeln, die echte Börsen wirklich verwenden.
Athenum Analytics
Options Max Pain in Crypto: What the Max-Pain Price Means and Why Price Drifts Toward It
Options max pain is the strike where the most option value expires worthless. Here is how the max-pain price is built, what the put/call ratio adds, and how to read both on a live BTC options map.
Athenum Analytics
Athenum Cross-Exchange Derivatives Index, week of 2026-06-20
A weekly read of the cross-exchange crypto derivatives tape: funding, open interest, basis, and implied volatility across Athenum's coverage of 14 exchanges, as of 2026-06-20.
Athenum Analytics
Bitcoin as Digital Gold: How the Safe-Haven Correlation Actually Behaves
Bitcoin shares gold's monetary properties but not its price behavior; the BTC-gold correlation is low, unstable, and regime-dependent, so check the live regime.
Athenum Analytics
VIX bei 25,33, BTC vor einem Optionsverfall über 14,8 Mrd. Dollar: Das Makro-Regime ist nur noch mit 0,45 neutral
Datum: 27. März 2026 | Datenquellen: Athenum Analytics API, Deribit, Coinglass
Athenum Analytics
Eight of the Last Ten ETH ETF Sessions Printed Outflows
Ethereum ETFs have logged eight net outflow sessions in ten trading days, with Athenum flows and derivatives data showing a controlled but persistent reduction in listed ETH exposure.
Athenum Analytics
VWAP and the Value Area: Reading Where Crypto Actually Trades
How VWAP, anchored VWAP, the point of control, and the value area define where crypto has actually traded, plus the honest limits of each.
Athenum Analytics
OI-weighted funding rates: calculation, intervals and limitations
An open-interest-weighted funding rate is a summary of selected perpetual contracts. Each comparable rate receives the weight of that contract's USD notional open interest. It is not the rate charged on your position, a measure of net long positions, or a forecast of the next price move.
Athenum Analytics
The Coinbase Premium Index: Reading US Spot Demand in Real Time
A practical guide to the Coinbase Premium Index: how it is computed, what positive vs negative means, and where this US spot-demand proxy misleads.
Athenum Analytics
Bitcoin–Nasdaq correlation: a reproducible measurement guide
Bitcoin–Nasdaq correlation describes the linear association between two specified return series over a specified window. It is not a permanent property of Bitcoin. This guide explains how to define the measurement; the [July 2026 claim audit](/blog/bitcoin-nasdaq-correlation/) addresses an earlier numerical headline separately.
Athenum Analytics