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Калькулятор плеча для крипто-фьючерсов: как рассчитать маржу, цену ликвидации и PnL (пример BTC 10x)
Разбираем на живых цифрах, как работает калькулятор плеча: требуемая маржа, цена ликвидации и чистый PnL для сделки LONG 10x на BTC. Формулы, пример с входом 68 000 $ и сравнение ликвидации по разным плечам.
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
При VIX 25,33 и квартальной экспирации BTC на $14,8 млрд макрорежим остается хрупко нейтральным с уверенностью 0,45
Дата: 27 марта 2026 года | Источники данных: 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.
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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
The OI-Weighted Funding Rate: Why Aggregated Funding Beats a Single Venue
An open-interest-weighted funding rate weights each venue's funding by its open interest, so the aggregate reflects where the leverage actually sits, not a thin book.
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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 and the Nasdaq: How Crypto's Equity Correlation Shifts With Macro Regimes
Bitcoin's correlation to the Nasdaq 100 is a rolling statistic that swings with the macro regime, not a fixed property; here is how to read it and use it.
Athenum Analytics
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.
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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 Analytics