🚀 Buckle up, crypto fans! NVDA's 30-day implied volatility just zoomed past Bitcoin and Ether! 📈
1/ Nvidia, the AI kingpin and former crypto mining champ, is now more volatile than our beloved BTC and ETH. From 48% to 71% in no time! Meanwhile, BTC and ETH are chilling with lower volatility. 🤯
2/ Since late 2022, BTC and NVDA have been besties with a strong positive correlation. As NVDA dips, BTC stays steady. Coincidence? We think not! 😉
3/ Market makers are hedging like there's no tomorrow, pushing NVDA's volatility through the roof. Negative gamma strikes again!
What do you think? Drop your thoughts below! 👇 #DeFi #Web3 #Crypto #BTC #ETH