A court document shows that due to the recent increase in the value of digital currencies such as BTC and SOL, almost all customers of the bankrupt cryptocurrency exchange FTX will be able to get their funds back, or even more. Specifically, the company currently has 14.5 billion to 16.3 billion in assets to repay creditors of approximately 11.2 billion U.S. dollars in arrears. However, some investors are pessimistic about the recent upside potential of currency prices due to the potential sell-off of risky assets.
On the other hand, according to Bloomberg, Graysacle, the world's largest crypto asset management company, announced the withdrawal of its Ethereum futures application submitted to the US SEC. However, it did not disclose the reason for the withdrawal of the application, which caused widespread speculation.
Source: TradingView
In terms of currency prices, BTC has performed poorly this week, giving up most of the gains brought about by macroeconomic benefits since last Friday. In terms of options, the implied volatility has fluctuated slightly at recent lows, the front-end surface is relatively flat, and ETH still has a higher Vol Premium than BTC. From a trading perspective, the sell-call spread strategy of ETH 31 MAY Sell 3700 Buy 3800 became the focus of the past day. The selling pressure of the BTC bullish strategy was equally strong, accompanied by significant protective put option buying in each term. In, Vol Skew moved sharply lower.
Source: Deribit (as of 9 MAY 16: 00 UTC+ 8)
Source: SignalPlus
Source: SignalPlus
Data Source: Deribit, ETH overall transaction distribution, 31 MAY Sell 3700 Buy 3800 Call Spread
Data Source: Deribit, overall distribution of BTC transactions
Source: Deribit Block Trade
Source: Deribit Block Trade
