Episode 21: Bitcoin rejects highs on surging US bond yields after hot jobs data

In this week’s podcast, Imran Lakha and David Brickell discuss the recent developments in the US labor market that have created headwinds for crypto prices in the near term and ahead of key inflation data this week.

Imran also has an in-depth chat with Sean McNulty from Arbelos Capital and Douglas Comin from XBTO about crypto vol markets and how they differ from other more traditional asset classes such as FX and Equities. Imran also gives his run down on the latest flows he’s seeing this week in crypto options.

The following topics is covered:

0:00 – Introduction
0:58 – Current price action & Non-farm payrolls
5:35 – Reasons behind the recent price decline
7:44 – Big opportunity to buy ETH right now?
10:30 – Imran catches up with Sean McNulty & Douglas Comin
12:54 – Why is Implied Vol more expensive than realized Vol?
17:02 – Why is Implied Vol trading much higher long end?
23:12 – Will the Skew condition change over time in crypto?
24:36 – How much are ETFs contributing to the professionalization of the crypto space?
27:30 – Crypto options impact on spot & factors contributing to the premium of wings in crypto options
33:57 – Thoughts on owning Alts vol and selling BTC/ETH against it
37:58 – Highest vol alt trade?
40:11 – Crypto margining & Cash covered puts on Deribit
46:05 – Thoughts on the conversation with Sean and Douglas
49:20 – Key takeaways & what’s next for crypto this week?