So, it’s been a whole month since the crypto market had a meltdown so epic, even your grandma’s stock portfolio is still recovering. But hey, at least the drama isn’t over yet! π€―
Bybit and Block Scholes just released a report saying traders are “cautiously finding stability.” Which, in crypto terms, probably means they’re just waiting for the next disaster to hit. π΅οΈββοΈ
Bybit found out that the “notional open interest” in perpetual contracts is still stuck under $10 billion. Because nothing says “excitement” like a number that’s basically a parking meter. π
The U.S. and China finally stopped yelling at each other, but then Jerome Powell came in with his “I’m a grumpy old man” vibe, and suddenly everyone’s sad again. π’
Bitcoin dropped to $107k, which is like a 10% discount on a Tesla, but nobody’s buying. ππ¨
Bitcoin and Ethereum‘s volatility skews are now all “downside bias”-which is just a fancy way of saying “we’re all just waiting for the next crash.” π§¨
Futures are flat, but options are up. Because nothing says “I’m prepared for disaster” like buying options. π‘οΈ
Traders are buying puts like they’re going out of style. Because why be optimistic when you can be paranoid? π€
Traders are like, “I’ll raise the volatility if it means I don’t have to lose money.” π€·ββοΈ
BTC is stuck in its “I’m not mad, I’m just disappointed” range. πΈ
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2025-11-10 00:40