1) My threads are written with options specialists in mind. However, I also appreciate and am humbled by the large number of followers that are interested in the commentary as a process to learn about and interpret option market activity. This thread will hopefully help a little.
Some questions around open interest and its drivers
Seems positively correlated to price over the medium term
Note the 50%+ drop in November last year when market capitulated
Open interest dropped on the 2nd of April short squeeze this year but recovered rapidly
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@PaxosGlobal is in the lead with a market capitalisation of $21.72 million
- followed by TUSD at $19.62 million
- 3rd is GUSD whish caps $3.47 million
- USDC is in the rear with $1.16 million.