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Now Live: WTIUSDT Perpetual Contract
Our new WTI perpetual contract is now LIVE and trading on BitMEX, with up to 25x leverage.
Trading started at 4:00 UTC on 24 March.
Our new WTI perpetual contract is now LIVE and trading on BitMEX, with up to 25x leverage.
Trading started at 4:00 UTC on 24 March.
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๐ New futures listing ๐
As of 24 Mar at 04:00 UTC, our new monthly Bitcoin futures contract - XBTK26 - is LIVE with up to 100x leverage.
As of 24 Mar at 04:00 UTC, our new monthly Bitcoin futures contract - XBTK26 - is LIVE with up to 100x leverage.
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AI Cloud Wars โ The $240B Battle โ๏ธโก
The "Inference Economy" is the new battlefield. Itโs no longer about who builds the biggest modelโitโs about who can serve it the cheapest.
The State of Play:
๐น Google Cloud ($GCP): The 2026 breakout. 48% YoY growth and a massive $240B backlog. Their secret weapon? Custom TPU chips cutting costs by 78%.
๐น Microsoft ($MSFT): The incumbent. Holding 21% market share and rebranding to "Foundry" to put AI at the core.
๐น The Valuation Flip: For the first time, MSFT is the "value" play (22x P/E) while GOOGL is the "momentum" play (27x P/E).
The Trade: Donโt just pick a winnerโtrade the spread. Hedge $MSFT against $GOOGL or play the mean reversion with 20x leverage using crypto collateral.
The "Inference Economy" is the new battlefield. Itโs no longer about who builds the biggest modelโitโs about who can serve it the cheapest.
The State of Play:
๐น Google Cloud ($GCP): The 2026 breakout. 48% YoY growth and a massive $240B backlog. Their secret weapon? Custom TPU chips cutting costs by 78%.
๐น Microsoft ($MSFT): The incumbent. Holding 21% market share and rebranding to "Foundry" to put AI at the core.
๐น The Valuation Flip: For the first time, MSFT is the "value" play (22x P/E) while GOOGL is the "momentum" play (27x P/E).
The Trade: Donโt just pick a winnerโtrade the spread. Hedge $MSFT against $GOOGL or play the mean reversion with 20x leverage using crypto collateral.
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BTC STRENGTH VS. THE MACRO FLUSH ๐๐ฆ
The TradFi bid hit a wall, but Bitcoin isn't flinching. Hereโs the 2-minute drill:
๐น Gold Liquidation: $3 Trillion in gold value evaporated this week. Legacies are failing as hedges. ๐ฅ๐
๐น MSTR Update: STRC is sub-$100 par. Strategy only bought 1k BTC this week (vs 22k last week). The automated bid is on ice. ๐ง
๐น The Play: Short QQQ / Long BTC. Tech is suffering from "AI anxiety," but Bitcoin is maintaining structural support above $70k.
Our strategy: Trade the relative value. Capture the rotation out of tech into $BTC.
The TradFi bid hit a wall, but Bitcoin isn't flinching. Hereโs the 2-minute drill:
๐น Gold Liquidation: $3 Trillion in gold value evaporated this week. Legacies are failing as hedges. ๐ฅ๐
๐น MSTR Update: STRC is sub-$100 par. Strategy only bought 1k BTC this week (vs 22k last week). The automated bid is on ice. ๐ง
๐น The Play: Short QQQ / Long BTC. Tech is suffering from "AI anxiety," but Bitcoin is maintaining structural support above $70k.
Our strategy: Trade the relative value. Capture the rotation out of tech into $BTC.
IS INTEL A BUY IN 2026? ๐๐ฆ
Intel is back in the race. After years of trailing TSMC, the 18A node is finally in mass production, and the US Government has stepped in as a "white knight" shareholder.
The Intel Intel:
๐น Technological Edge: 18A features "PowerVia"โa tech neither Samsung nor TSMC will have until 2027.
๐น The Safety Net: The US Govtโs $20.47 entry price acts as a structural floor for the stock.
๐น The Trade: Long $INTC vs Short $AMD pair trades are gaining traction as the valuation gap narrows.
Trade Intel perps 24/7 with up to 20x leverage using crypto collateralโno fiat needed.
Intel is back in the race. After years of trailing TSMC, the 18A node is finally in mass production, and the US Government has stepped in as a "white knight" shareholder.
The Intel Intel:
๐น Technological Edge: 18A features "PowerVia"โa tech neither Samsung nor TSMC will have until 2027.
๐น The Safety Net: The US Govtโs $20.47 entry price acts as a structural floor for the stock.
๐น The Trade: Long $INTC vs Short $AMD pair trades are gaining traction as the valuation gap narrows.
Trade Intel perps 24/7 with up to 20x leverage using crypto collateralโno fiat needed.
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โน๏ธQ2 2026 BitMEX Indices Update โน๏ธ
A kind reminder that our index weights were updated at BitMEX today at 12:00 UTC. The affected indices are listed in this blog.
Note: The hypothetical values of the indices with new weights are published as part of the โNEXTโ index family (e.g. .BXBT_NEXT).
A kind reminder that our index weights were updated at BitMEX today at 12:00 UTC. The affected indices are listed in this blog.
Note: The hypothetical values of the indices with new weights are published as part of the โNEXTโ index family (e.g. .BXBT_NEXT).
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Ending March Madness with a walk down memory lane ๐
Last week on BitMEX saw:
๐ Our top trader take home over $338k in profit
๐ Over $1.6bn in trading volume
๐ช $BTC remained the top traded contract
We have a few surprises coming this week so stay tuned ๐
Last week on BitMEX saw:
๐ Our top trader take home over $338k in profit
๐ Over $1.6bn in trading volume
๐ช $BTC remained the top traded contract
We have a few surprises coming this week so stay tuned ๐
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BEYOND DIRECTIONAL BIAS โ THE PAIR TRADE ๐โ๏ธ
Is the market-neutral approach the ultimate "Pro" move for Q2?
While weโve watched Bitcoin hold $70k, the broader context is a Tech sector burdened by "AI anxiety" and a Gold market in the middle of a historic flush.
This divergence is why we're prioritising the Long BTC / Short QQQ setup.
Why the math works:
๐น Hedge the Nuke: With $QQQ below its 200-day MA, your short leg protects your capital if equities enter a tailspin. ๐ก๏ธ
๐น STRC Metric: Weโre monitoring MSTRโs STRC premium; as it sits below $100 par, the automated spot bid is sidelined, making relative strength trades even more vital.
๐น Extract Alpha: You aren't betting on a "moon mission"โyouโre betting on Bitcoin outperforming an overextended tech sector.
๐น Cost Efficiency: BitMEX offers 0% base interest, making this a high-leverage (up to 20x) hedge that is incredibly cheap to maintain.
Capture the rotation. Neutralise the risk. ๐๏ธโก
Is the market-neutral approach the ultimate "Pro" move for Q2?
While weโve watched Bitcoin hold $70k, the broader context is a Tech sector burdened by "AI anxiety" and a Gold market in the middle of a historic flush.
This divergence is why we're prioritising the Long BTC / Short QQQ setup.
Why the math works:
๐น Hedge the Nuke: With $QQQ below its 200-day MA, your short leg protects your capital if equities enter a tailspin. ๐ก๏ธ
๐น STRC Metric: Weโre monitoring MSTRโs STRC premium; as it sits below $100 par, the automated spot bid is sidelined, making relative strength trades even more vital.
๐น Extract Alpha: You aren't betting on a "moon mission"โyouโre betting on Bitcoin outperforming an overextended tech sector.
๐น Cost Efficiency: BitMEX offers 0% base interest, making this a high-leverage (up to 20x) hedge that is incredibly cheap to maintain.
Capture the rotation. Neutralise the risk. ๐๏ธโก
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Now Live: Brent Crude Oil Perpetual Contract
Our new BRENT perpetual contract is now LIVE and trading on BitMEX, with up to 25x leverage.
Our new BRENT perpetual contract is now LIVE and trading on BitMEX, with up to 25x leverage.
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THE ETH ROTATION IS HERE ๐๐
The institutional baton might be passing. Hereโs the 2-minute drill:
๐น The Divergence: MSTRโs BTC buying slowed 95% last week, while Bitmine Immersion (BMNR) hit the gas with a record $143M ETH buy. Adjusted for market cap, BMNR is buying 1.7x more aggressively than MicroStrategy. ๐
๐น The Yield: BMNRโs stack is producing $177M in annual yield via staking. ๐ธ
๐น The Squeeze: 38.1M ETH is now staked with a 50-day validator queue. Liquid supply is evaporating. ๐งฑ
๐น The Play: Long ETH / Short SOL. Capture the supply squeeze against Solanaโs technical weakness at $80. ๐ก๏ธ
Watch this week: March Payrolls and BMNR treasury filings for the next move.
The institutional baton might be passing. Hereโs the 2-minute drill:
๐น The Divergence: MSTRโs BTC buying slowed 95% last week, while Bitmine Immersion (BMNR) hit the gas with a record $143M ETH buy. Adjusted for market cap, BMNR is buying 1.7x more aggressively than MicroStrategy. ๐
๐น The Yield: BMNRโs stack is producing $177M in annual yield via staking. ๐ธ
๐น The Squeeze: 38.1M ETH is now staked with a 50-day validator queue. Liquid supply is evaporating. ๐งฑ
๐น The Play: Long ETH / Short SOL. Capture the supply squeeze against Solanaโs technical weakness at $80. ๐ก๏ธ
Watch this week: March Payrolls and BMNR treasury filings for the next move.
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