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Athenum Analytics terminal showing order flow, options, futures, liquidations, ETF flows and macro tools across 14 exchanges in one workspace

Bitcoin Dominance: What It Signals About Altcoin Risk

Bitcoin dominance is BTC's share of total crypto market cap. Here is what rising versus falling dominance tends to signal about altcoin risk, where the metric breaks down, and how to read it alongside derivatives positioning.

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6 min
Athenum aggregated order book — bid and ask liquidity across multiple exchanges in real time.

Stablecoin Exchange Flows: The Liquidity Signal That Often Moves Before Derivatives

Net stablecoin inflows to exchanges describe the deployable margin behind leveraged positions, a capacity signal that often registers before open interest and funding move.

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6 min
Athenum chart of the broad trade weighted US dollar index at 119.51, daily, 2026-06-12

How the US Dollar Index (DXY) Shapes Crypto Risk Appetite

The US Dollar Index is a financial-conditions backdrop for crypto, but the inverse correlation is regime-dependent and can invert. How to actually read DXY for a crypto view.

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6 min
Athenum options view — BTC options max pain, put/call ratios and notional value by expiry across the curve.

Options Skew and the 25-Delta Risk Reversal in Crypto, Explained

The 25-delta risk reversal is the implied-volatility gap between an out-of-the-money call and an out-of-the-money put at the same distance from spot.

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6 min
Athenum liquidations view: BTC estimated liquidation clusters by leverage band — shorts (price up) versus longs (price down).

Liquidation Heatmaps: How to Read Leverage Clusters (and Their Limits)

A liquidation heatmap estimates the price levels where leveraged positions would be force-closed, and shades them by how much size is stacked there: dark for thin, bright for dense.

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5 min
Athenum options view: BTC max pain curve and open interest by expiry, with put/call ratio and spot reference.

Realized vs Implied Volatility in Crypto Options

Realized volatility is how much price actually moved in the past; implied volatility is how much the options market expects it to move in the future.

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6 min
Athenum dashboard: BTC open interest (top) versus traded volume (bottom), aggregated across major derivatives exchanges, captured 2026-06-16.

Open Interest vs Volume: What Each Signal Really Tells You

Volume counts how many contracts changed hands over a period and resets each day; open interest counts how many contracts are still open right now and carries over.

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6 min
Athenum Terminal — live order flow, funding and liquidation panels in one workspace. Captured 2026-06-15 00:07 UTC.

Free Coinglass Alternatives in 2026: An Honest Feature-by-Feature Comparison

The best free Coinglass alternative depends on what you actually need: Coinalyze and CoinAnk for funding and liquidation data, Velo for clean multi-exchange charts, and…

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8 min
Athenum ETF flow view — spot Bitcoin ETF daily net flow +$85.8M. Captured 2026-06-15 00:07 UTC.

ETF Flows vs Funding Rate: What the Two Signals Say Together

Read spot ETF net flows and perpetual funding as a pair: when they agree, they confirm a move; when they split, they warn. ETF inflows with rising positive funding signal…

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8 min
Athenum Futures Overview — BTC perpetual open interest $17.53B and funding rate -0.0001% (8h), 24h liquidations $22.4M. Captured 2026-06-15 00:06 UTC.

FOMC and Crypto: How Rate Decisions Move Funding and Open Interest

An FOMC decision moves crypto through positioning, not just price: open interest builds into the event, perpetual funding swings as leverage crowds one side, then the 14:00…

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8 min
Athenum Volume Delta view: aggregated cumulative volume delta and BTC price across spot and futures, part of the derivatives-intelligence suite the premium index sits within.

The Premium Index: How Perpetual Prices Stay Tethered to Spot

The premium index measures how far a perpetual trades from its spot index and feeds the funding rate. Here is how it is built, why it exists, and what a persistent premium signals.

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8 min
Athenum Futures Overview: BTC price, open interest, and the 8-hour funding rate across 6 exchanges, the funding side of the cost-of-carry compared here against dated-futures basis.

Perpetual Swaps vs Dated Futures: The Real Differences

A mechanics-first comparison of perpetual swaps and dated futures: settlement, how each tracks spot, the cost of carry through funding versus basis, liquidity, and when each instrument fits.

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8 min