6/7. Unlike the futures market, large traders in ETH options take a moderately bullish stance due to the ETH Merge. From the gamma exposure, we can also find that ETH may find some support around $1550 in the short term.
2/
Investors still optimistic about the Merge, but ETH correlation w/stocks is rising & the move lower post-Jackson Hole impacted all markets
The idea ETH becomes deflationary as ≈$8B of annual supply from miners gets removed still has potential to trigger an upward repricing.
1/
Let's play a little game called "Hide Those Treasuries".
The Rules:
The Fed is reducing it's balance sheet, $ liq -ve
The US Treasury is issuing bonds to pay for large and increasing fiscal spending, $ liq -ve
But we want stonks to pump, what to do?