6 Tweets 11 reads Nov 23, 2021
More macro picture
(Premiums perps vs coinbase index)
Those that wanted to de-risk have already.
Finex hedge/sell flow + Binance supply
Coinbase + FTX desk/OTC inflow and retail.
I'm sure carry traders have been all over this contract; "Reflexivity" trade towards the end of month settlement/equilibrium.
Yield reset
Contango
Options Gamma

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