Episode 11: Crypto markets pause for breath ahead of the halving
Deribit
In this week’s podcast, Imran Lakha and David Brickell discuss the pause in the crypto rally which has led to some key supports being breached and what macro forces may be driving it.
The stronger dollar and China needing BTC to look less appealing to stop capital flight are factors that David dissects in more detail. Imran catches up with Greg Magadini from Amberdata to find out what he has his eye on in crypto vol space. They discuss the steep ETH skew term structure and whether the BTC halving “event” risk is overpriced in options. Overall, the macro picture is unchanged from David’s perspective and dips remain opportunities to buy although some caution in the near term may be warranted.
The following topics is covered:
0:00 – Introduction 1:04 – Recent developments in crypto & macro 4:23 – China starting QE? 8:32 – Thoughts on the Bitcoin halving 13:01 – Volatility update with Greg Magadini 22:50 – Thoughts on Greg’s view 23:58 – Trade ideas for Bitcoin 26:48 – Current outlook for Bitcoin 27:52 – How Imran should trade this outlook 29:10 – Key takeaways
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Disclaimer: The content presented on Crypto Options Unplugged is not intended as investment advice. Always conduct your own research.
