“I read the current move as evidence that the ETF bid that carried September has not yet returned strongly enough to offset renewed macro pressure. ETF inflows above roughly $300 million a session for several sessions (my threshold rather than a market one) would be… Read More
In contrast, perpetual swaps never expire. Instead, they use a funding rate mechanism to anchor the contract price to the spot index, theoretically offering investors the closest possible proxy to trading the actual VIX spot price. “Traders don’t have to worry about expiries and decay… Read More
That said, many of those golden crosses did produce impressive three-month gains (check Today’s Signal). Five of the 10 crosses that survived long enough to reach the three-month mark posted gains ranging from 85% to more than 1,000%, including a 1,009.6% run following the April… Read More
The takeaway is that even as oil prices retreat from their second-quarter highs, oil products are getting more expensive. The broader market, including BTC, may not have fully priced that in yet. A second detail is that oil itself may be due for a bounce.… Read More
“When volatility is cheap, traders can build directional positions and hedges at relatively low cost. If the market then moves through a level with concentrated positioning, dealer hedging can accelerate the move,” Adam Haeems, head of asset management at Tesseract Group, which manages $500 million… Read More
This month, analysts have repeatedly pointed to multiday inflows into the U.S.-listed crypto exchange-traded funds as evidence of the return of institutional demand. Zoom out, though, and the institutional story still looks bleak. Bitcoin spot ETFs have pulled in just $205 million in net inflows… Read More
