Ethereum and Bitcoin Get a Reality Check Amidst Macro Overhang

Weekly Mid-week Crypto Derivatives Market Recap where Imran Lakha @ Options Insight gives brief yet concise breakdowns of BTC's & ETH's Volatility, Term-structure, Skew, Crypto Option Flows, and Gamma positioning.

This week Imran walks us through some key points.

1. Crypto realized vol recovered this week (first time this year).

2. BTC & ETH Term Structure drifting lower with BTC steeping more into contango.

3. Skew - Hedging demand came in as markets rolled over and clearly it was a false break.

4. BTC Option Volumes were average last week / ETH Option flows were heavily dominated by large calendar selling flows 

5. BTC dealer Gamma remained short on the sell-off / ETH positioning more neutral here as we moved away from upside calls

If you would like more in-depth analysis, subscribe to AD Derivatives Newsletter & launch our app to utilize our tools for your trading strategies!