CryptoBTH
9.6K posts
Markets look pretty much range bound to me and not anticipating anything dramatic either way now as we close out this year. We've saw 3-month basis fall on major exchanges meaning traders are no longer paying to be synthetically long. A sign of de-leveraging which we've saw in OI dropping. Deribit leading the way I would say is a positive. With the vol selling that we've witnessed, and lack of OI, a purposeful short squeeze seems somewhat unlikely, without macro factor (gets easier after end of this week) That being said, it's somewhat a good position if you're bullish to buy as market's under positioned and likelihood of substantial drawdown sub $80k is lower. Skews infer that could be plausible trade of build position and buy puts to hedge with steeper IVs witnessed on the left wing.
Range bound and farming yield at the moment Starting to plan for next year, after expiries, hopefully some volatility, take advantage of it, plan ahead. Markets probably bump in January with relief on shutdown. New year, people maybe wanting to revolve issues? Anyways, hope we all have a great festive period
Markets look pretty much range bound to me and not anticipating anything dramatic either way now as we close out this year. We've saw 3-month basis fall on major exchanges meaning traders are no longer paying to be synthetically long. A sign of de-leveraging which we've saw in OI dropping. Deribit leading the way I would say is a positive. With the vol selling that we've witnessed, and lack of OI, a purposeful short squeeze seems somewhat unlikely, without macro factor (gets easier after end of this week) That being said, it's somewhat a good position if you're bullish to buy as market's under positioned and likelihood of substantial drawdown sub $80k is lower. Skews infer that could be plausible trade of build position and buy puts to hedge with steeper IVs witnessed on the left wing.
91.3k reached. The expected move, a day ahead of target. The collective predictive power of options market makers is available in the straddle price 24/7. You can express this volatility forecast as two simple break-even lines on a chart. Trading the straddle = Trading the move.
