Black Friday - visualized for BTC-31OCT25.
IVs repriced to low 40s short-term, 45 longer-term.
MMs were long gamma heading into this and remain so after.
I expect they'll look to reduce inventory at much better prices than a week ago, but willing to set IVs lower again if BTC stabilises here.
Seeing almost twice that number now as more reports come in
As many replies have pointed out, the real number is likely 2-3x this amount due to DEX liquidations that don't get reported
Should have a more accurate figure tomorrow
One for the history books either way
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@CryptoHayes joins @Timccopeland on The Crypto Beat to discuss the US Election and how it could impact the market 🇺🇸
https://t.co/fJrYsUIKQr
Options market signals Bitcoin heading to $80k post-election by the end of November
"Options traders have driven call premiums across nearly all tenors beyond one-day expiration contracts" - Our OTC derivatives trader @JO_wintermute shares with Bloomberg
The market is going to punish those waiting for election night to act on its result. It's fine to wait, the trade won't be over if you do, but you will pay a premium to those who are getting into position now.
And I'm going to keep reusing this thread until I get one wrong.