20 Jan 2023 Market Commentary Well. What a week, eh? Crypto markets up ~10% this week, with BTC & ETH topping $21.5k & $1.6k, CME futures back to (slight) contango, yet the 7d accumulated Perp FRs implying a short-lived rally - perhaps best exemplified by the vol side, where BTC|ETH 30d atm IV spiking to 68|75, drifting back to 51|63. Question is whether we’ve just witnessed a bull or vol trap.
Infinity Newsletter, RUNZ & #FastCrypto [01.16 — 01.20]
Infinity Newsletter, RUNZ & #FastCrypto…
Infinity Newsletter, RUNZ & #FastCrypto [01.16 — 01.20]
20 Jan 2023 Market Commentary Well. What a week, eh? Crypto markets up ~10% this week, with BTC & ETH topping $21.5k & $1.6k, CME futures back to (slight) contango, yet the 7d accumulated Perp FRs implying a short-lived rally - perhaps best exemplified by the vol side, where BTC|ETH 30d atm IV spiking to 68|75, drifting back to 51|63. Question is whether we’ve just witnessed a bull or vol trap.