Track crypto derivatives news, futures, options, perpetuals, leverage trends, and trader positioning across volatile digital asset markets.
Eligible users trade physically settled contracts through Binance while Nest routes orders and Alpaca executes, settles and custodies the shares.
The Coinbase Sept. 1 snapshot shows the Sept. 9 cutover moves a far smaller International Exchange book onto the dominant offshore venue.
PowerCompute and USBC show how collars, options and secured loans can turn passive holdings into contractual obligations.
CME's Bitcoin short position is now 272 times larger than Coinbase's long, setting up a massive forced unwind risk.
The Aug. 25 unwind was capitalized into principal, while a one-time Sept. 24 test determines whether the $75,000 ceiling applies.
Armstrong’s launch-week chart captured $104 million in turnover, while one later snapshot left persistence to open interest and repeat sessions.
Deribit’s expiry concentrates reported call exposure at $75,000 and $80,000, where dealer hedging can pin or amplify a move.
Bitcoin’s September options book leaves the low $70,000 thinly protected as traders crowd into upside exposure and deeper downside hedges.
The BitMEX closure limits new positions at 04:00 UTC, with forced closures possible before Sept. 23.
