Volatility in crypto has hit new lows.
10 & 25 delta butterflies are at record cheap levels for $BTC.
(h/t @laevitas1)
Let’s break down what this means for traders 🧵
4/ Takeaway:
Equity options markets = liquidity giants that influence spot.
Crypto options = still smaller than spot, but offer unique opportunities when vol is mispriced.
When convexity is this cheap, it pays to understand the structures.
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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