Arena Blog
Data-driven insights on trading strategies, backtests, and market analysis.
13–16 of 16 posts · page 2 of 2
RWA Perpetuals: What the Numbers Actually Say
CoinMarketCap published its updated *State of the Market* report on Real-World Asset Perpetuals this week. The headline: **$821.8 billion** in cumulative volume across 21 weeks, a weekly run-rate of $46 billion, spread across 17 venues.
CME Bitcoin Volatility Futures: What June 1, 2026 Means for Crypto
CME announced on May 5, 2026 the launch of regulated Bitcoin volatility futures starting June 1. Traders will be able to trade volatility in isolation, without taking a directional bet on the BTC price. What this means technically, who benefits, and why it's a bigger step for crypto than the headline suggests.
Park's Gamma Thesis: What an IBIT-Led Volatility Rally Actually Requires
Bitwise's Jeff Park predicts an IBIT-led volatility rally. We dissect his argument — and examine what would actually need to happen for the thesis to play out.
IBIT Options Overtake Deribit — What This Means for Max Pain
On April 25, options on BlackRock's Bitcoin ETF IBIT held more open interest than Deribit for the first time. Why this moment changes what the classic Max Pain calculation actually tells us — and how we plan to handle it in our tooling.
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