Research & Insights

Blog

Page 7 of 10

Athenum BTC implied volatility from the Deribit DVOL index at 40.2, last 7 days, 2026-06-20

DVOL Explained: Deribit's Bitcoin Volatility Index (the Crypto VIX)

DVOL is Deribit's model-free, 30-day implied volatility index for Bitcoin, the crypto market's closest analog to the equity VIX.

Athenum AnalyticsAthenum Analytics
5 min
Athenum options view showing Bitcoin options max pain and put/call ratio across expiries from June 2026 to March 2027

The Crypto Options Implied Volatility Term Structure, Explained

The implied volatility term structure plots option-implied vol across expiries, from front-month to back-month. Its shape tells you how the market is pricing near-term versus longer-dated uncertainty, and reading shifts in that curve is a core derivatives skill.

Athenum AnalyticsAthenum Analytics
6 min
Athenum chart of the US 10 year real yield from 10 year TIPS at 2.23 percent, daily, 2026-06-17

Real Yields and Crypto: How the 10-Year TIPS Yield Shapes Risk Appetite

The 10-year TIPS yield is the inflation-adjusted return on a safe asset, and it sets the opportunity cost for holding non-yielding crypto. Here is how to read real yields next to the market's own positioning data.

Athenum AnalyticsAthenum Analytics
6 min
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.

Athenum AnalyticsAthenum Analytics
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.

Athenum AnalyticsAthenum Analytics
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.

Athenum AnalyticsAthenum Analytics
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.

Athenum AnalyticsAthenum Analytics
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.

Athenum AnalyticsAthenum Analytics
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.

Athenum AnalyticsAthenum Analytics
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.

Athenum AnalyticsAthenum Analytics
6 min
Athenum Bitcoin funding table separating settled payments and snapshot readings, captured 24 September 2026 at 13:42 UTC.

CoinGlass alternatives in 2026: free dashboards, paid tools and APIs

Checked 24 September 2026. A free chart, an ad-free subscription and an API subscription solve different jobs. This comparison separates them. Athenum publishes this article and is one of the products compared; this is not an independent vendor ranking.

Athenum AnalyticsAthenum Analytics
4 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…

Athenum AnalyticsAthenum Analytics
8 min