Bitcoin closed down 9.6% yesterday with more downside today. The current drawdown is still in line with prior cycles and follows risk assets. The perpetual funding rate APR for ETH hits over 300%.
Delta skew work interesting. Does that data go back to early ‘20 (think that’s when Derebit started BTC options trading)? If so, does it look like it was a compelling signal for intermediate moves throughout ‘20 and early ‘21 too? I’m assuming it would’ve been flashing consistently during the big move higher in late ‘20 and into ‘21.
Formula at top of picture. He is looking for a negative skew on 1 week options during the local pump to see when its overheated. Google BTC option 25 delta skew to see free metrics.
Word on the street is internet coin going to win the war in Ukraine after merge.
Delta skew work interesting. Does that data go back to early ‘20 (think that’s when Derebit started BTC options trading)? If so, does it look like it was a compelling signal for intermediate moves throughout ‘20 and early ‘21 too? I’m assuming it would’ve been flashing consistently during the big move higher in late ‘20 and into ‘21.
Great article, but for real. Who do I have to jerk off to get that Formula 2 on the skew?
me
Formula at top of picture. He is looking for a negative skew on 1 week options during the local pump to see when its overheated. Google BTC option 25 delta skew to see free metrics.