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law school dropout, now quant finance. nfa.
BackQuant Terminal @

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Terminal V2 is live.

Biggest update so far, not just more charts.

V2 is split around two workflows: a cleaner view for quick reads, and a Pro Terminal for users who want to build their own workspace.

What's new:
- Pro Terminal: custom workspaces, multi-panel layouts, unlimited filtering, and 95+ panels from one command bar

- Aggregated perp data from the @kiyotaka_ai API: OI, CVD (spot & perp), Liquidations, funding and more

- TRACE: forward-projected gamma, charm, vanna surfaces for crypto options.

- V2 API: GEX, All Greeks, OpEx, IV, Trace, flows, surfaces and more

- Summary cards across the main pages for quick reads on GEX, options, perps, macro, and market regime

- Hub: Publish, share and fork pro terminal layouts from the community.

I've made it faster for people who want a simple read, and a lot more powerful for users who want to go deep.

Demo below:

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Full IBIT Options coverage is live on the terminal

a lot of you asked for this, so it's done: equities GEX, ranked GEX levels, OpEx, all on IBIT

Some Key Parts:
- GEX by strike: net / call / put / signed / abs, same view modes as crypto
- Ranked GEX levels overlaid on the chart, where mechanical levels are
- OPEX: per-expiry snapshot with pin risk, expected move, ATM IV, skew
- Surfaces, max pain, term structure and more

Pairs naturally with the ETFFLOW panel for the spot bid context

Type GEX IBIT or OPEX IBIT in the Pro Terminal and check it out

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@RoronoaZoroShin 🤝

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bitcoin:native
Spot selling and OI getting wiped right into Asia close. people are just getting cleaned up right into expiry

Weekly OpEx in ~90 minutes, ~$3.13B notional expiring. Pin risk 62k, we're trading right below it

If this low breaks, there's definitely room for another move lower, but we're getting a tiny bit of a bounce short term.

had to change the color on my trace chart because it was hiding the candles and we're in negative gamma. So for this post orange=negative gex, purple=positive.
we're only in the 4th percentile for net gex (past 30d) so the effects would be quite weak to non-existent right now

[M A Z I N O @crypto_mazino]

gm frens, $btc established a little balance so can rest for a moment. We saw a couple of rejections from the little gap above so look for continuation unless the gap is recovered. If so, let it do its thing above and then re-enter short. Data speaks loud (go check @BQTerminal)

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protecting them big longs

[BackQuant Terminal @BQTerminal]

🚨 OPTIONS WHALE ALERT

$24.26M BTC BUY
65,000 Put · 26 Jun 26
OKX · IV 44.5% · 7,101 contracts (10 fills)

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@Killer_Bnb what

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Equities GEX is live on the pro terminal!

Gamma exposure by strike + ranked gex levels for 28 tickers across indices, mega caps, ETFs and sector leaders. expiry filtering, all the same view modes as crypto GEX

what's covered:
- Indices: SPX, NDX, RUT, VIX
- Mega Caps: AAPL, MSFT, NVDA, GOOGL, AMZN, META, TSLA
- ETFs: SPY, QQQ, IWM, DIA, TLT, GLD, XLF, XLE, IBIT
- misc: AMD, CRM, NFLX, JPM, BAC, XOM, CVX, PFE, UNH

type GEX with any ticker. more coming, dm if there's something specific you want added. (Especially if you want the TRACE chart)

Trial link below!

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bitcoin:native

Seems like the nuke has finished and we've stabilised for now

Still have NFP later this week, probably going to be nothing. Vol still high and in backwardation. I doubt NFP results in anymore downside for BTC

Front expiries remain in negative gamma with puts still trading much richer than calls, so dealers aren't exactly positioned for any V reversal.

so... another long boring range?

[BackQuant Terminal @BQTerminal]

🚨 LARGE 0DTE TRADE!

$4.97M BTC BUY
67,000 Put · 4 Jun 26
OKX · IV 66.4% · 1,653 contracts

[BackQuant Terminal @BQTerminal]

🚨 OPTIONS WHALE ALERT

$5.04M BTC BUY
63,000 Put · 26 Jun 26
OKX · IV 45.0% · 3,858 contracts (2 fills)

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That's September btw

[First Squawk @FirstSquawk]

TRUMP: COULD HAVE BLOCKADE OF IRAN LIFTED BY LABOR DAY

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why is it white around the screenshots, it didnt show this when I was posting it??

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bitcoin:native

IV is up ~20%. Front-end vol is now in backwardation, market paying up for immediate protection instead of longer dated exposure.

0DTE ATM IV now above 54% with skew extremely elevated, puts trading massively richer than calls. Negative gamma still in play across the front expiries too.

Whale flow over the last few hours has been overwhelmingly put-heavy. Biggest trade was a $4.6M buy of 70k JUL puts, while upside calls continue getting sold.

5JUN expiry positioning also looks ugly. Large put OI stacked 68k-72k with very little meaningful upside positioning.

Market still treating this as a downside resolution move rather than a dip to aggressively buy.

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Chain Summary and IV Term Structure

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@BigTrout300 @BQTerminal covered call probably, trying to collect premium betting on btc upside being capped

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@gammaenjoyer gm

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Quick video setting up the pro terminal for the first time, using the most common panels

- STUDY: BTC price, OI, CVD, funding, liquidations stacked, GEX levels overlaid
- GEX: gamma exposure by strike, where dealer hedging fights are right now
- TRACE: forward-projected gamma surface for 0DTE
- OPEX: per-expiry snapshot, pin risk, expected move, ATM IV, skew
- TAPE: live options prints, auto-tagged
- ETFFLOW: daily spot-ETF net flows, macro context
- CAL: economic calendar with surprise colouring
- REPORT: 2 desk briefs a day, pre-asia and pre-NY

keyboard-driven, type 3 letters for any function. drag, pop out, save layouts.

There is over 100 more panels to check out, and more to come. Check it out and send me a DM or join the discord if you have any questions

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No need to memorise anything, find anything with FLDS

free trial at https://t.co/kfh3C1KfRm

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bitcoin:native Outlook

Just a quick weekly update, market still looks heavy here. First leg down was mostly a leverage flush with longs getting liquidated. After that, spot selling continued while OI started building back up into weakness, so shorts are leaning in here now.

Negative gex has been in play through most of this move lower, which is why price action has stayed unstable once momentum picks up

Macro is probably more important than OpEx this week. ISM, JOLTS, NFP and multiple Fed speakers, so the market is going to be very sensitive to labor/rates repricing.

EOW OpEx is there, but ~$2.1B is pretty normal size. Pin risk sits around 74k and max pain is 75k, so worth watching later in the week, not the main driver right now.

For now it’s spot selling + shorts building in negative gamma. Need spot to stabilise or this can keep moving lower (likely)