Paradigm Session Recap – August 18
Spot is down, with BTC at $116,300 and ETH at $4,300 as of this writing. Markets await FOMC minutes on Wednesday, followed by the Jackson Hole summit starting Thursday, where Chair Powell is scheduled to speak Friday at 10 a.m. ET.
ATMs were largely unchanged, with put skew for both majors following spot. BTC flows featured the Sep 110k put bought at 40v, while ETH flows included the 5 Sep / 26 Sep calendar and outrights sold. A few XRP prints were also noteworthy.
Spot is down, with BTC at $116,300 and ETH at $4,300 as of this writing. Markets await FOMC minutes on Wednesday, followed by the Jackson Hole summit starting Thursday, where Chair Powell is scheduled to speak Friday at 10 a.m. ET.
ATMs were largely unchanged, with put skew for both majors following spot. BTC flows featured the Sep 110k put bought at 40v, while ETH flows included the 5 Sep / 26 Sep calendar and outrights sold. A few XRP prints were also noteworthy.
Paradigm Session Recap – August 20
Spot is up, with BTC at $114,300 and ETH at $4,300 as of this writing. Fed July minutes revealed broad support for holding rates steady, while Fed Funds Futures now price 80% odds of a cut in September.
Fronts are down while skew is unchanged. BTC flows featured puts bought outright and financed by calls, while ETH flows were muted, with some 29 Aug strangles printing.
Spot is up, with BTC at $114,300 and ETH at $4,300 as of this writing. Fed July minutes revealed broad support for holding rates steady, while Fed Funds Futures now price 80% odds of a cut in September.
Fronts are down while skew is unchanged. BTC flows featured puts bought outright and financed by calls, while ETH flows were muted, with some 29 Aug strangles printing.
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Paradigm Session Recap – August 21
Spot is down, with BTC at $112,300 and ETH at $4,200 as of this writing. The Anti-CBDC Surveillance State Act was included in the latest version of the House’s National Defense Authorization Act (NDAA).
Fronts bounced back. BTC December basis sits around 7% annualized. BTC flows were mixed, featuring outright calls, risk reversals, and put spreads.
Spot is down, with BTC at $112,300 and ETH at $4,200 as of this writing. The Anti-CBDC Surveillance State Act was included in the latest version of the House’s National Defense Authorization Act (NDAA).
Fronts bounced back. BTC December basis sits around 7% annualized. BTC flows were mixed, featuring outright calls, risk reversals, and put spreads.
Paradigm Session Recap – August 25
Spot is down, with BTC at $110,600 and ETH at $4,400 as of this writing. Strategy purchased another 3,081 BTC, bringing its total holdings to 632,457 BTC. The week features Nvidia earnings on Wednesday after the close and July PCE data on Friday.
ATMs are up a notch, while skew continues to follow spot. Flows were mixed, with BTC printing outright puts and spreads, while ETH saw calls and risk reversals.
Spot is down, with BTC at $110,600 and ETH at $4,400 as of this writing. Strategy purchased another 3,081 BTC, bringing its total holdings to 632,457 BTC. The week features Nvidia earnings on Wednesday after the close and July PCE data on Friday.
ATMs are up a notch, while skew continues to follow spot. Flows were mixed, with BTC printing outright puts and spreads, while ETH saw calls and risk reversals.
Paradigm Session Recap – August 26
Spot is up, with BTC at $112,000 and ETH at $4,600 as of this writing. Pantera Capital is reportedly planning to raise $1.25 billion to create a dedicated Solana treasury company by acquiring and converting a Nasdaq-listed firm.
Fronts are down. BTC December basis sits around 8% annualized. Flows featured the 26 Dec 125k/160k and the 30 Aug 4.5k/4.8k call spreads lifted.
Spot is up, with BTC at $112,000 and ETH at $4,600 as of this writing. Pantera Capital is reportedly planning to raise $1.25 billion to create a dedicated Solana treasury company by acquiring and converting a Nasdaq-listed firm.
Fronts are down. BTC December basis sits around 8% annualized. Flows featured the 26 Dec 125k/160k and the 30 Aug 4.5k/4.8k call spreads lifted.
Paradigm Session Recap – August 27
Spot is down, with BTC at $111,300 and ETH at $4,500 as of this writing. Nvidia shares fell in after-hours despite reporting earnings and guidance slightly above consensus.
Vols are down a notch. Flows were muted, featuring BTC butterflies and the 30 Aug 5k call lifted at 77v.
Spot is down, with BTC at $111,300 and ETH at $4,500 as of this writing. Nvidia shares fell in after-hours despite reporting earnings and guidance slightly above consensus.
Vols are down a notch. Flows were muted, featuring BTC butterflies and the 30 Aug 5k call lifted at 77v.
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Paradigm Session Recap – August 27
Spot is flat, with BTC at $111,900 and ETH at $4,500 as of this writing. Tomorrow, $11 billion in BTC options are set to expire with a max pain price of $115k, alongside $3 billion in ETH options with a max pain price of $3.8k.
ETH fronts are down and ETH skew flipped to puts. Flows were mixed, with both majors seeing call and put rolling.
Spot is flat, with BTC at $111,900 and ETH at $4,500 as of this writing. Tomorrow, $11 billion in BTC options are set to expire with a max pain price of $115k, alongside $3 billion in ETH options with a max pain price of $3.8k.
ETH fronts are down and ETH skew flipped to puts. Flows were mixed, with both majors seeing call and put rolling.
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Paradigm Session Recap – September 1
Spot is down, with BTC at $108,100 and ETH at $4,300 as of this writing. The week features several Fed speakers on Wednesday and Thursday, followed by the August jobs report due Friday.
Fronts are up slightly. BTC December basis is around 7% annualized. Volumes were muted as US markets were closed for Labor Day. The Oct 135k call was sold at 38v, while the Sep 3.8k put was bought at 72v.
Spot is down, with BTC at $108,100 and ETH at $4,300 as of this writing. The week features several Fed speakers on Wednesday and Thursday, followed by the August jobs report due Friday.
Fronts are up slightly. BTC December basis is around 7% annualized. Volumes were muted as US markets were closed for Labor Day. The Oct 135k call was sold at 38v, while the Sep 3.8k put was bought at 72v.