crazy levels of fear in the crypto markets today...
- SOL touching $68, putting all the auction levels in the FTX estate sales underwater
- BVIV (30d rolling implied vol on BTC) hit 95v, from 40v a week earlier
- MSTR Jan27 $5 strike puts trading at $0.50, pricing in ~10% of default over the next year
- BTC March (50 days) 15 delta skew at +35v to the puts
"buy when there's blood in the streets"?