I have experienced Brexit, the collapse of Luna, the collapse of Three Arrows Capital, the collapse of FTX, the liquidation of small exchanges, the liquidation of mining machines, ten ministries issuing documents, twelve ministries issuing documents to ban, the circuit breaker of the US stock market, the war in Ukraine, and the continued interest rate hikes by the Federal Reserve. You can't scare me.

2017 ICO: fueled by Chinese MLM/US retailers 2020 DeFi summer: fueld by fair launch YAM/YFI, Uniswap memes 2021 GameFi: Axie/RACA/FARMER'S WORLD fueled by low wage Pinoys/Pinas & Chinese/Vietnamese before VC bros put icing on the top 2023 BTC Inscriptions: Kudos to Chinese grannies lecturing each other 24/7 Name me one meta which was actually fueled by VC bros? Come on, tell me which narrative in the history of the cryptocurrency industry was driven purely by VCs from the beginning? Then you tell me how DePIN/AI/Restaking/Point-fi Premarket could take off again

Unusual flow on Sunday/Monday morning.
Buy Dec/March call spread and 1x2 ratio.
Long March call 65k strike.

Someone is buying the dip

Too abstract, guys.

Last week, 600 million U.S. dollars flowed out of the compliant channels in the cryptocurrency circle. It is highly likely that the expectation of interest rate cuts has been reduced, causing some funds to withdraw for risk aversion... 😓

Today's largest#BTCoption transaction: A boss bought a call option for 74,000 at the end of June, and sold a call option for 80,000 at the same time, totaling 1,112.5 BTC, paying $1.809 million. =》Profitable if the price > 75,600 at the end of June. It should be a bet that the weak economic data to be released, including the FOMC meeting next week, will increase expectations of rate cuts and push up the price of BTC.

Although Bitcoin fell below the $60,000 mark and Ethereum fell below the $3,000 mark yesterday, and market panic spread extremely, the IV of major term options is declining significantly.
This is mainly due to the sharp drop in the price of call options. The current monthly skew has hit a new low since this round of bull market, that is, the price of put options is much higher than that of call options, and the medium and long-term options have fallen to near the zero axis.
From the perspective of option indicators, Ethereum's bulls are relatively fragile and have limited ability to lead the market. Bitcoin's bullish power still exists, and the halving will be this Saturday. This month's bull market still needs Bitcoin to lead.

The gap between short-term puts and long-term calls is evident in the tilt of the risk reversal. For the 25D RR with APR expiration, the put is trading 6 bands above the call, while for the DEC expiration, the call is trading 4 bands above the put.

To take advantage of this reversal opportunity, you can

Sell APR 59K Put/Buy APR 68K Call & Buy DEC 50K Put/Sell DEC 130K Call.

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The past few days can be regarded as the first major correction in this bull market. It has fallen for three consecutive days, from a high of 73,000 to 65,000, a retracement of 11%. However, both CME and @deribitexchange’s#BTCfutures and options positions are still at record highs, and the BTC futures premium at the end of the year is still 17%. Don’t be afraid, taking advantage of the correction is a good time to adjust positions and layout.

Summary of important events in March:
1. ape is going to be a Launchpad
2. Sui launched its first game on March 28
3. Fusionist will launch ACE Avatar, LaunchPad will be launched next week, and ACE Arena will be launched in March 2024
4. uni V4 will be launched soon
5. arb unlocked (16th)
6. AI Ecosystem Conference will be held from March 18th to 22nd
7. On March 18, 20:00 (ethfi) will be listed on Binance and OKX will be listed on 20:10
8. ZK token will be launched on OKX at 6 pm on the 19th
9. apt cooperates with Google Cloud to create a blockchain gaming sector
10. PORTAL is integrated into MagicEden, and you can use PORTAL to pay for NFT purchases.

In the currency circle, I have three things I don’t buy. 1. I don’t buy Bitcoin because it’s powerful. 2. I don’t buy BNB because it’s hard. 3. I don’t buy Ethereum because it’s filial. I only buy a set of BNX for three years, haha. #bnx

🥹 It’s good to upgrade Cancun. It’s good because it’s good. Damn it. #ETH

The market has been extremely volatile recently, but it’s fun to make options. If the price goes up, you sell call options (anyway, if the option is exercised, you sell the spot). Now the IV is high, and the royalties you earn are tens of dollars per year on the currency standard, which is very It's cool; if the price plummets, you sell the put option. If the option is exercised, you buy the spot at a low price, otherwise you earn the premium. With this volatility and steady bull market, if you don’t do options, how can you still play it? Wait until the IV returns to 30...

Today’s#BTCoption blocks are very consistent:
1. Selling 525 BTC of 75,000 call options at the end of June, earning 4.348 million in premium;
2. Sold 200 BTC call options worth NT$90,000 at the end of September, earning a premium of NT$1.916 million;
3. Selling 400 BTC call options worth RMB 70,000 at the end of March, earning a premium of RMB 1.6 million;
👉Are all the big bosses impressed?

The red line is the outflow of grayscale #BTC; the blue line is the inflow of other BTC ETFs; a total of 8.5 billion US dollars inflow. So far, there has been a net inflow of funds every day, no matter how much Grayscale sells, no matter whether BTC rises or falls... When there is a net outflow, #BTC's bull market will stop. Right now, before the market opens every day, the exchange raises the price, waiting for their buy orders. 🤑

Brothers, I have no problem with you making money. I have a good attitude and am happy for you. But the problem now is that you are earning too much. I used to post orders, and I know some of them were fake. Now I am posting orders with a group of friends. , it’s all fucking true

“It is not recommended to sell BTC unless necessary”
In the options market, the speculative behavior of investors and the risk control behavior of market makers jointly push up the implied volatility, which means that investors expect the level of market volatility to further increase. Investors expect that the price change of BTC on the 7th may reach 10.33%, while the price change on the 30th will exceed 19.8%.
The above means that, ideally, the price of BTC could even reach a new all-time high this week and cross $70,000 within a month, but investors may also experience a significant drop of more than 10%. Notably, the term structure of BTC options has shifted to a ‘contango’ pattern, indicating that investors expect the high volatility environment to continue.

#BTC’s DVOL index has exceeded 70 again, exceeding 98.9% of the time in the past year. The consensus of the market is to make a big move; but I don’t know whether to go up or down first. For contract products, it is recommended to lower the leverage first and avoid risks. Inflation data will be released at 9.30pm tonight.

I think $BTC will reach 70,000 within a month.
Save money: The real pressure level for $BTC is 30,000-33,000, not that bullshit 69,000. A 70,000 call option expiring in one month would be a good idea to gamble on.
69,000 has never been a real pressure level. The entire market trend from 2020 to the present is actually a story like this: when the price first reached 60,000 dollars and collapsed, the power of bargain hunting came from around 30,000-33,000. .
A large number of copycats at 30,000 finally lifted the market and continued to rise. Finally, it created a double top when it reached 69,000 and continued to fall. After that, it also found support around 33,000, but this time there was not enough power to let the market go up. The market reversed, and eventually, the price fell below 30,000 all the way to 15,000.
In fact, in this entire market wave, the real range of large-scale bottom buying is 30,000-33,000. That's the part in the yellow circle. These copycat chassis subsequently fell into painful resistance.
Therefore, when the price rose from 15,000, what really blocked the market was the integer of 30,000, which blocked $BTC for half a year.
I don't think there is any resistance at 69000, 69000 is just a MEME and there isn't really much volume there.
Just like I pointed out in 2020, 20,000 is not the real pressure level, the real pressure level is 12,000.

Therefore, if ETH spot ETF can be issued, its bull market price performance should be better than BTC. In addition, regulated Ethereum products can also provide up to 5% APY when tokens are pledged, which is more attractive than non-yield BTC ETF products. #eth