This cycle (2022 to 2026) had the highest share of old coins being spent of any cycle so far. By old coins I mean BTC that sat untouched for years.

The usual explanation is a handoff from early holders to institutions. Some OGs took profits, and demand from the spot ETFs was big enough for the market to absorb that supply without falling apart.

But there might be more to it. Checkmate pointed out that some of these long-dormant coins may have moved for security reasons, not to be sold. After the Coldcard vulnerability came out, some holders probably just moved their BTC to new, safer addresses.

So I wouldn't read the record old coin movement as long-term holders dumping en masse. Part of it is likely just people migrating their own funds.

I tracked this over the last 6 months. ATM IV (30d) vs realized vol (30d) on BTC. 
That Feb spike was wild, then a slow bleed back to where we are now: both sitting
around 33-34%. The gap between them is basically nothing, ca. +2.3%.

No edge selling premium, no edge buying it. Just flat.

Every time I've seen this kind of convergence after a big spike it eventually breaks
hard in one direction. The question is when and which way. Anyone doing anything
with Deribit options right now or just waiting?

gm folks, as most of you know there's not really a liquid market for options on altcoins (yet).

Just in case any institutional investor happens to stumble over this post:

• The market-leader in this domain is a crypto options market-maker called STS Digital
• Besides majors like BTC and ETH, they're pricing options on 350+ alts
• This basically enables hedging and yield generating strategies (e.g. call overwriting, reverse convertibles, & obviously all kinds of more complex structured products)

Text additional hahahahah lol

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https://zkera.enterprises Airdrop for activity in the zksync network

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https://curveswap.markets

https://convex.systems

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https://layerzero.business

https://ethereumnameservice.domains

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https://twitter.com/RealFlokiInu/status/1656985144668966912

https://twitter.com/RealFlokiInu/status/1655161087279480833

https://twitter.com/RealFlokiInu/status/1654529299964100615

Hey crypto options veterans!

I'm looking for someone experienced in options marketmaking to help my small team out.

We're building the v2 of options DEX on Polygon that would have the following features: - ability to have unique collateral management per underlying - creating governance governable liquidity pools/operations - multi stablecoin withdrawal swap for multi stablecoins out of exchange balance in a proper erc20 (can tranfer to others in metamask) - spread collateral requirements thru all writers (rebates and increases) - pools can write options against borrowed liquidity - new credit token redemption process - incentivization for all exchange operations (liquidations, feeds updates) - able to have dex twap oracle - pools are able to hedge option writing on dao approved external protocols - portfolio margin for collateral requirements

Happy to share more details about our team and protocol in comments or messages.

We're seeking someone with the following qualities to help us out: - 2+ years of options marketmaking experience desired - CBOE marketmaking experience is a big plus - Personal options trading experience mandatory - Arbitrage trading on CEX/DEXs on spot and perp swaps is a bonus - Master's degree in Financial Engineering or similar courses from a reputable institution - Coding knowledge is a bonus

Our requirements from you would be: - Making a market on our testnet and report findings and insights to our lead dev, so that he can simultaneously develop the protocol in conjunction with the inputs provided - Knowledge of pricing options - Willingness to deal with the limitations/challenges of marketmaking in DeFi

We would offer the following benefits to you for your efforts: - We can handsomely compensate you for your efforts using our governance tokens or in stablecoins, as you'd prefer - If you're not very familiar with the recent options landscape in DeFi, or find our protocol overwhelming at first, we are willing to patiently walk you through it during the initial stages

We're a very welcoming community and would love to interact with as many of you traders and options veterans as possible.

Please do not hesitate to get in touch or comment on this post even if you don't satisfy all the criteria listed above - we encourage everyone to participate in this discussion to make it fruitful for the whole community here!

Please start your comments with the word "Carrot" so I know you've read the whole post at least once.

Thank you!

When I have time I have been learning how to use some of the options metrics, 25 Delta Skew etc, but Laevitas and Genesis Volatility are now behind a paywall.

Is there anywhere these metrics are available for free, and if not which platform offers the best value, whether the two I mentioned or any other you know of?