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USA Week Ahead: ET Timezone

  1. Wednesday 10:00am - ISM

  2. Wednesday 2pm - Beige Book

  3. Thursday - Fed Presidents Speak

Disclaimer: Nothing here is trading advice or solicitation. This is for educational purposes only.

Authors have holdings in BTC, ETH and Lyra and may change their holdings anytime.

Math-minded people here, pardon any typos.

Deribit Crypto derivatives Exchange

BTC bitcoin ETH ethereum SOL Solana

BTC: $25,775 (-1.5% / 7-day)

ETH :$1,629 (-1.8% / 7-day)

Twitter: Gravity5ucks


The bitcoin market continues to have the favor of traders, with another good week of volumes.
Ethereum post-merge 2022 is steadily declining and is now stable at about half of Bitcoin.

Amberdata Derivatives (BTC Weekly Volumes - Contracts)(BTC Weekly Volumes - Contracts)
Amberdata Derivatives (ETH Weekly Volumes - Contracts)(ETH Weekly Volumes - Contracts)

The gamma week incentivized participants to take multiple positions, often ahead of price action.

Amberdata derivatives (BTC Options Scanner - Top Trades)(BTC Options Scanner - Top Trades)

The first relevant trade was the buy of a put spread financed by calls at zero cost:

Later in the week with the spot at around 28k and with exceptional timing the purchase of risk-reversal (puts bought) -$30k+$26k went quickly in profit:

AD derivatives BTC block net cumulative volume (BTC Heatmaps Blocks)(BTC Heatmaps Blocks)

In vega terms instead, the fullest trade of the week was the sale of a DEC $28k straddle:

AD Derivatives BTC block net cumulative vega BTC heatmaps VEGA(BTC Heatmaps Vega)

With the loss of $27k support, on-screen the flow was focused on selling calls in the $28k-$30k strike range on September.
As well as long puts positions $23k October-November-December. 

AD Derivatives BTC Onscreen net cumulative volume (BTC Heatmaps Onscreen)(BTC Heatmaps Onscreen)

opyn DeFi Options Protocol

The Squeethcosystem Report (8/27/23 - 9/3/23)

Crypto markets remained active this week with very little to show for it. ETH ended the week -1.21%, oSQTH ended the week -1.99%.

amberdata derivatives Opyn squeeth oSqueeth vs ETH

Crypto Volatility

oSQTH IV found a low this week trading in the 40s and quickly bouncing back to the mid 50s.

Trading Volume

The 7-day total volume for oSQTH via Uniswap oSQTH/ETH pool was $323.28k

August 31st saw the most volume, with a daily total of $149.70k traded.

Crab Strategy

Crab saw slight declines during the week ending at -0.11% in USDC terms.



AMBERDATA DISCLAIMER: The information provided in this research is for educational purposes only and is not investment or financial advice. Please do your own research before making any investment decisions. None of the information in this report constitutes or should be relied on as a suggestion, offer, or other solicitation to engage in or refrain from engaging, in any purchase, sale, or any other investment-related activity. Cryptocurrency investments are volatile and high-risk in nature. Don't invest more than what you can afford to lose.

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