BTC vs ETH : S1 deadline set & ETF launch

Previously on BTC we saw;
- 15% pump from 42k to 48k
- Large OI and funding wipe out
- 1b in spot CVDs Watch out for sudden increases in price and OI(~1b)

Massive liquidation of eager longs between the S1 deadline and ETF launch

👉 Leave room for a liquidation candle

1/ How did @kingfisher_btc predict the massive pump 22k to 25k?
👉 Gamma charts

Why did it happen?
👉 Gamma squeeze

Learn to interpret them like a pro
Option 🧵 below 👇 2/ @kingfisher_btc provides something called a GEX chart which calculates the gamma positions of option traders.


@Amberdataio also has a great one that you can access for free!
pro.amberdata.io/options/deribi…

So what is gamma exactly???

The ✨secret sauce✨ to making money trading crypto options 👉 Selling Options

In this thread I'm sharing some of my most closely held secrets for selling crypto options Selling vs Buying Options
If buying options were like buying the lottery, selling options is like *selling* the lottery(or insurance).
Smaller more frequent wins and the occasional larger loss.
Less line drawing, more just waiting till expiry

How I used options to hedge the FTX implosion making 3376%🤯 on the trade (even before Arthur Hayes👑)
and how YOU can use them to protect yourself against black swans🦢 events

🧵 on option basics and execution Option Basics
Options contracts give you the right to buy(calls) or sell(puts) an asset at a predetermined price(strike) in the future.

An option contract looks like this:
ETH-25NOV22-1000-P

ETH : Underlying asset
25NOV22 : Expiry date
1000 : Strike
P : Put(right to sell)

🧵🧵🧵APY🧵🧵🧵
I spent my afternoon combing through 5,510 sources of yield data from @DefiLlama so you won't have to🤓

Aim : find a safe stable yield farm to park $100k

I used *base yield* and not the combined yield to look for protocols that offer #realyield Started filtering out sources first with their ML-based yield prediction column.
1. Low/No confidence filtered
5,510 👉 2,693
2. Base-rate higher than the risk-free rate : 5%
2,693 👉 327 (YUGE drop)

1/n A Defi Data Story on Revenue and Market Valuations
(@DeFiMann's data)

The Simpleton's view : More revenue => Higher mcap
Verdict : Somewhat true, but looks random😵‍💫
Liner regression give us a 0.001 R²🤮 Basically no relation.

Maybe the market groups projects when valuing?

https://twitter.com/Mark2work/status/1571263994983333889

2/n Splitting the two into two tiers seems to make more sense.
The market seems to like the oldies(launched around defi summer 2020) more than the newer projects.
Makes sense. Market rewards lindy-ness👴
(except SNX. Market treats like SNX like a newborn🐥)

Been doing some research on crypto options and decided to make it public...
👉Crypto x Options Repository

Currently contains
- options-related analytics sites
- automated article feed
- twitter handles
- list of cefi and defi option services
hansolar.notion.site/Crypto-x-Optio… Best Options Analytics tools
@GenesisVol
@laevitas1
@DeribitExchange
@coinglass_com
@TheBlock__
@skewdotcom

1/n Architecture Diagrams on Mainnets/L2
Link below to explore on the whiteboard (feel free to comment)
miro.com/app/board/uXjV…
#ETH #SOL #AVAX #DOT #ATOM #OSMOSIS #JUNO #LUNA #EVMOS #CELESTIA 2/n Ethereum
Lot of scaling tech currently fighting for attention and liquidity.
ORUs and ZKRUs will probably start competing with tokens soon.
👉 zk-based general smart contracts looking like the next big advancement @StarkWareLtd vs @zksync

1/4 Highly opinionated stats on Defi heading into 2022🐯

Including marketcap, revenue, growth catalysts, emissions, and treasury stats (All the data other than m.cap is super spotty unfortunately) 2/4 Interesting patterns
$UNI of defi
$CVX revenue punching way above peers
$DYDX both has high inflation and no value returned to token holders falling mcap
Getting past 1m a week in regular rev could put a project into the +$1b mcap tier. Maybe $KP3R is next?

1/n (potential) Airdrop/Defi Alpha : @opyn_ & @VisorFinance
Opyn is an options protocol funded by the likes of Paradigm, Coinbase Ventures and other big names and they have an upcoming launch of a super-charged derivative called SQUEETH. aka Squared ETH aka ETH² 2/n This is similar to Index Coop's ETH2X-FLI product that is meant to offer 2x leverage on ETH
Simple example : ETH price increases by 10%
ETH2x-FLI => 20% 🥳
SQUEETH => 100% 🤯🤯🤯

launch dates below👇

https://twitter.com/opyn_/status/1468765218822098946